The government has extended the voluntary National Insurance deadline to 31 July 2023 to give taxpayers more time to make contributions for the years from April 2006 to April 2017. The original deadline was 5 April 2023. All voluntary contributions will be accepted at the 2022-23 rates until 31 July.

As part of transitional arrangements to the new state pension, taxpayers have been able to make voluntary contributions to any incomplete years in their National Insurance record between April 2006 and April 2016, to help increase the amount they receive when they retire.

Eligible taxpayers can find out how to check their National Insurance record, obtain a state pension forecast, decide if making a voluntary National Insurance contribution is worthwhile for them and their pension, and how to make a payment on GOV.UK. They can check their National Insurance record through the HMRC app or their personal tax account.

WIM Accountants are here to help businesses with their accounting and taxation needs.

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