Government extends deadline for self-employed to make voluntary National Insurance contributions

Government extends deadline for self-employed to make voluntary National Insurance contributions
Dan Martin
Dan MartinDan Martin Content & Events

Posted: Wed 14th Jun 2023

The government has given taxpayers, including self-employed individuals, more time to to fill gaps in their National Insurance record that may increase the value of their State Pension.

The deadline is now 5 April 2025 instead of the original 31 July 2023 date.

HM Revenue & Customs (HMRC) said it means men born after 5 April 1951 and women born after 5 April 1953 have more time to properly consider whether paying voluntary contributions is right for them and if it could boost their State Pension entitlements.

As well as self-employed individuals who did not pay contributions due to small profits, other people who may benefit include those who have been:

  • employed but with low earnings

  • unemployed and not claiming benefits

  • living or working outside of the UK

Victoria Atkins, financial Secretary to the Treasury, said:

"People who have worked hard all their lives deserve to receive their State Pension entitlement, and filling gaps in National Insurance records can make a real difference.

"With the deadline extended, there is no immediate rush for people to complete gaps in their record and they will have more time to spread the cost."

Paying voluntary contributions does not always increase your State Pension. Before starting the process, HMRC said eligible individuals with gaps in their National Insurance record from April 2006 onwards should check whether they would benefit from filling those gaps.

Visit the government website to obtain a State Pension forecast, decide if making a voluntary National Insurance contribution is worthwhile for you, and how to make a payment.

You can check your National Insurance record through your personal tax account.

All relevant voluntary National Insurance contributions payments will be accepted at the rates applicable in 2022 to 2023 until 5 April 2025.

Relevant Enterprise Nation resources

Book a free discovery call with an accountant

Why saving into a pension is important

How to set up a pension when you're self-employed

Making pension contributions

Dan Martin
Dan MartinDan Martin Content & Events
I'm a freelance journalist and event host who helps small businesses and the organisations that support them. I'm also Enterprise Nation's news reporter and Bristol Local Leader. I have 20 years of experience as a small business journalist having interviewed hundreds of entrepreneurs from famous names like Sir Richard Branson and Deborah Meaden to the founders behind brand new start-ups. I've worked for a range of leading small business publications and support groups, most recently as head of content at Enterprise Nation where I was responsible for the prolific output of content on the company's blog and social media. I now freelance for Enterprise Nation as the website's news reporter and as the host of the Small Business sessions podcast. I'm based in Bristol where I run and host regular events with the local small business community in my role as Enterprise Nation's Local Leader for Bristol. I also have strong connections with other major business organisations in the south west region. In total, I've hosted over 100 events including conferences with an audience of hundreds for international brands like Xero and Facebook and live web chats from inside 10 Downing Street. With my partner, I co-run Lifestyle District, a lifestyle blog focused on culture, art, theatre and photography.

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