Extra Time to Pay Voluntary National Insurance Gaps
The amount of state pension you receive depends on your National Insurance record. While most people accumulate NI years through work or benefits, some may have gaps in their contributions. This extension provides an opportunity to fill those gaps and potentially increase your future pension payments.
Currently, the ‘new’ full state pension stands at £221.20 per week, but the amount individuals receive depends on their ‘qualifying’ National Insurance (NI) years. To be eligible for the maximum state pension, generally you need 35 full NI years, although some may need more depending on age and NI records. After 5 April 2025, the ‘new’ state pension will allow people to purchase back up to six year of NI contributions.
When the ‘new’ state pension was introduced, transitional arrangements were put in place to allow individuals to plug gaps of NI credits dating back to 2006. The deadline for topping up National Insurance (NI) contributions dating back to 2006 has now been extended to 5 April 2025, giving people more time to potentially increase their state pension.
What to do next
- Visit the official government website: Check your National Insurance record
- Review your record for any missing years since 2006
- If you find gaps, consider topping up before the 5 April 2025 deadline
- Find out how you can pay voluntary NI here Voluntary National Insurance: How and when to pay – GOV.UK (www.gov.uk)
Need Help?
Our Money Advice team can offer advice and assistance over the telephone as well as in person. Find out more here.
Email: money.advice@jjhousing.co.uk
Check your National Insurance record today and take action if needed.