Window to top up National Insurance Contributions to end on 31 July 2023
/It is normally possible to make voluntary National insurance contributions for the past six tax years, to top up any missing or partial years of a taxpayer’s NI record. If a taxpayer does not have enough full years of NI contributions, this may increase their entitlement to the state pension, as well as other benefits.
There is an extension currently in place that allows individuals to fill gaps in their NI contributions history from 6 April 2006 to the present date via voluntary contributions. This was due to end on 5 April 2023.
The government announced that the extension will now end on 31 July 2023. Contributions made between 6 April and 31 July 2023 will be at the voluntary NI rates for the 2022/23 tax year of £15.85 per week. This allows taxpayers more time to identify and plug historic gaps in their NI record.
From 1 August 2023, the timeframe for making voluntary contributions will revert to the usual six years. From that date, it will be possible to make contributions going back to the 2017/18 tax year only. Contributions will be made at higher voluntary NI rates of £17.45 per week. These higher voluntary NI rates were due to apply from 6 April 2023, but will not apply where payments are made by 31 July 2023 under the extension.
It is important to check your National Insurance record to identify any gaps in your contribution history, you can do this by logging into your personal tax account and viewing your National Insurance record. You can also view your state pension forecast if you are not already in receipt of your pension.
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