If you have had career breaks, worked abroad, or earned below the National Insurance (NI) threshold, you could have gaps in your State Pension.
HM Revenue & Customs (HMRC) extended the deadline for voluntary NI contributions (NIC) to 5 April 2025, giving individuals an opportunity to fill gaps dating back to 2006.
After this date, any gaps between April 2006 and April 2019 will become permanent, potentially reducing your State Pension entitlement.
Here is what you need to know about qualifying periods for your State Pension:
- 35+ years of NICs = Full State Pension
- 10 to 35 years = You will receive a proportionate amount based on your contributions.
- Less than 10 years = Ineligible for any State Pension.
Each additional year of contributions could increase your pension by £328.64 annually, based on 2024-2025 rates, which could significantly improve your financial stability during retirement.
For non-working parents, there may be additional support available.
If you have taken time off work to care for children, you might qualify for Pension Credit or receive National Insurance credits through Child Benefit claims.
These credits can help protect your entitlement to the State Pension, so it is important to check whether you are receiving all the benefits you are entitled to.
From 6 April 2025, you will have only six years from the end of each tax year to fill any gaps in your National Insurance records.
For example, if you want to make contributions for the 2023/24 tax year, the deadline will be 5 April 2030.
What you should do next
Men born after 5 April 1951 and women born after 5 April 1953 should check their records immediately, as you may be eligible for the new State Pension.
You should not leave your retirement income to chance, and we advise you discuss future planning with your accountant at the earliest opportunity.
Check your NI record today via the Government’s online portal or contact our expert team for tailored advice on securing your financial future or boosting your State Pension before the 5 April 2025 deadline.
For help with your retirement planning or guidance on your State Pension, please contact our team.
