Taxpayers in the UK have until April 5, 2025, to make backdated National Insurance Contributions (NICs) to enhance their state pension. This extension allows individuals to address gaps in their NIC history from 2006 onwards, particularly benefiting those who have spent time living abroad or had caregiving responsibilities. Robert Salter from Blick Rothenberg emphasizes the importance of reviewing personal NIC records and state pension forecasts, as the decision to top up is not universal and requires careful consideration. Alternative methods to check state pension entitlements are also advised to avoid long waits with HMRC.
Taxpayers have until 5 April 2025 to make backdated National Insurance Contributions (NICs) to top up their state pension, according to Blick Rothenberg.
Robert Salter from Blick Rothenberg states that the easement allows individuals with incomplete NIC histories to maximize their future state pension.
Salter advised individuals to review their NIC records and state pension forecasts before deciding on voluntary contributions, emphasizing a personalized approach.
Rather than contacting HMRC directly, Salter recommends alternative ways to check state pension entitlement, due to long wait times.
Collection
[
|
...
]