Deadline to catch up on NI contributions extended
An opportunity to fill gaps in your NI contribution history back to 2006 was due to end on 31 July 2023. The government has just announced that this will be extended. What's the new deadline?
Gaps in your NI contribution history can have a very detrimental effect on your state retirement pension rights. Some people may believe they have accumulated enough qualifying years for full entitlement, when in reality there are gaps. These could be due to breaks between employment, insufficient NI being paid due to part time work, and so on. Worse, if you don’t accumulate at least ten qualifying years, you aren’t entitled to anything.
To rectify this, you can fill gaps by making voluntary Class 3 payments. Usually, you can only do this for the past six years. However, it's currently possible to make contributions for years right back to April 2006. This opportunity was due to end on 5 April 2023, but the government extended this to 31 July 2023 in back in March. It has now extended the window to 5 April 2025. If you want to make contributions, they are payable at the Class 3 rate for 2022/23, which was £15.85 per week.
Related Topics
-
Don’t overlook the partial exemption annual adjustment
As VAT year ends approach for many businesses, HMRC’s guidance highlights the need to carry out the partial exemption annual adjustment. This is often overlooked but can have a direct impact on recoverable VAT. What do you need to check?
-
MONTHLY FOCUS: USING YOUR COMPANY TO DIVERT INCOME TO FAMILY MEMBERS
Operating a business through a limited company is less tax-efficient than it used to be. However, it can still be a very useful way of diverting income to other family members. In this Monthly Focus, we look at the methods, and associated considerations, involved in doing this.
-
HMRC updates guidance on information notices
HMRC has updated its Compliance Handbook guidance on the use of information notices, with changes made on 18 March 2026. The revisions clarify how HMRC should request information during enquiries and place greater emphasis on proportionality. What does this mean in practice?
This website uses both its own and third-party cookies to analyze our services and navigation on our website in order to improve its contents (analytical purposes: measure visits and sources of web traffic). The legal basis is the consent of the user, except in the case of basic cookies, which are essential to navigate this website.