The Institute warned that people may lose out on the state pension if they fail to make voluntary contributions. You generally need 35 years of national insurance contributions to qualify for the full state pension. It is usually possible to make voluntary contributions for the past six tax years but there is a one-off opportunity to make voluntary contributions back to 2006/07 which expires on 5 April 2025.
Caroline Miskin, ICAEW Senior Technical Manager, Digital Taxation, said:
“With the deadline of 5 April 2025 to make voluntary contributions for the tax years 2006/07 to 2018/19 approaching fast, it’s important you check for gaps in your national insurance record and consider making voluntary contributions so you don’t miss out on the state pension.
“Your national insurance record can be viewed online or on the HMRC app, and checking you have the right number of years of national insurance contributions and credits should only take a few minutes.”
ENDS
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