Your Total Guide To Business

Time to top up National Insurance contributions

If you want to ensure you qualify for the full state pension, then now’s the time to top up National Insurance contributions.

Currently, voluntary National Insurance (NI) contributions can be made to plug gaps right back as far as April 2006. However, the deadline to do so by is July 31, 2023 (the original date was April 5, 2023 but HMRC have extended this). After July 31, you will only be able to make voluntary contributions for gaps dating back six years.

Why has the system changed?

In April 2016, the ‘new state pension’ system was introduced, and July 2023 marks the end of the period of transition from the old to the new system.

Who qualifies for the new state pension?

In general, to qualify for the maximum new state pension, you need to have 35 years’ NI contributions or NI credits. To qualify for part payment, you need 10 years’ worth of NI contributions/credits. Rules may differ for those whose NI record started before 6 April 2016 and the number of required years of NI contributions/credits to obtain the full state pension may be higher.

How do I check my pension entitlement?

You can check your National Insurance payment record at https://www.gov.uk/check-national-insurance-record.

If you find you have a shortfall, then until July 31, 2023, you can plug any gaps going back as far as 2006. After that date, you will only be able to go back to the 2017/18 tax year.

If you are a taxpayer, you should also check that there are no discrepancies between your NI record and what you have paid via PAYE or self-assessment. If there are discrepancies, contact HMRC here: https://www.gov.uk/government/organisations/hm-revenue-customs/contact/national-insurance-enquiries-for-employees-and-individuals.

Should you wish to top up any shortfall, you can find more information on how to make a voluntary NI contribution here: https://www.gov.uk/voluntary-national-insurance-contributions/deadlines.

For help and advice with tax planning, please get in touch with the team at Optimum Professional Services.

Optimum Professional Services

Optimum is a ground-breaking firm in Swindon, combining accountancy and legal services under one roof, providing a seamless service for their clients.

Vicarage Court, 160 Ermin Street, Stratton, Swindon, SN3 4NE

Website Email 01793 538 198

More Details

Doubletree by Hilton Swindon (Animated Ad)

We recommend

Financial Services in Swindon

Whether you're looking for financial advice or some top tips, look no further! We've teamed up with our expert clients ...

Self-Employment Support in Swindon

Are you looking to start your own business? If so, you might be in need of some advice and support ...

Team Building & Corporate Hospitality in Swindon

If it's corporate hospitality you're after, you've come to the right place! We've created a Team Building & Hospitality Swindon ...

Technology In Swindon

What would life be without technology? Technology is a fast developing industry with new and innovative ideas entering the market ...

Promotional Products Swindon

Make sure you're ready for your upcoming events! We've created a guide to help your brand become unforgettable, through promotional products!

Marketing and PR in Swindon

Did you know, marketing and social media can help increase awareness and revenue? We've put together some useful marketing and ...

Start-Ups in Swindon

Are you starting up your own business and in need of some start-up advice, hints and tips? Check out our ...

Remote Working in Swindon

Our Swindon remote working guide is full of recommended locations and venues for you to take your business out of ...

HR In Swindon

Human Resources can be a confusing subject to think about! Whether you're struggling with the HR side of your business, ...

Start-Up September Swindon

With September well under way we're helping championing local Swindon start-ups by interviewing them and offering some top tips from ...

Corporate Event Planning in Swindon

Organising a business event in Swindon? Whether it's a networking event, a corporate function, or a seminar, here's who can ...

Ask the Experts: Business

We've put together a panel of local financial, IT, marketing and social media experts to answer all of your business ...

Social Media In Swindon

Do you need help to make the most of social media? Take a look at our social media guide in ...

Legal Advice in Swindon

There's no denying it, we can't get away from the law, especially if you're running your own business! We've teamed ...

Digital Marketing

Digital marketing has absolutely exploded in recent years, and it doesn't show any signs of slowing down. Incorporating digital advertising, ...

Social Media Marketing

Social Media Marketing has firmly established itself as one of the single most important areas of building your brand and ...

New Businesses in Swindon

With Swindon forever growing and developing, it's home to some great new businesses.

CHRISTMAS GIFT GUIDE: CORPORATE GIFTING

Testimonials

With all our staff highly experienced in their field, you really need look no further for the perfect place to ...

Business Services in Swindon

Every business needs a team of professionals who are on hand to help provide IT Support, Pest Control, Cleaning and ...

Business News in Swindon

Apprenticeships in Swindon

With thousands of opportunities available, there has never been a better time to start an apprenticeship!

Promote Your Business

Training Providers in Swindon

Whether you are looking to get back into work, enhance or completely change your career or develop a new interest ...

Commercial Property in Swindon

Are you looking for commercial property in Swindon but struggling to choose between a serviced office or a lease? Confused ...

TGt Meets...

Snapped Galleries

We have an elite bunch of photographers in all the hottest spots around Swindon every week – and they’re looking ...

Commercial Property Swindon

Are you looking for commercial property in Swindon but struggling to choose between a serviced office or a lease? Confused ...

Video Production in Swindon

International Day of Happiness is on March 20th and Louise Hunt Skelley PLY is reflecting on what truly makes her happy

March 20th is the International Day of Happiness and Louise Hunt Skelley PLY is reflecting on what brings her happiness ...

GEL Studios is now B Corp Certified

GEL Studios is now a Certified B Corporation following a robust assessment period that examined all aspects of how the ...

INTERNATIONAL WOMEN'S DAY SPECIAL 2023 - Emma Georgiou

To celebrate International Women's Day, we interviewed some influential women to share with you all about why IWD is important ...

INTERNATIONAL WOMEN'S DAY SPECIAL 2023 - Claire Brewerton

To celebrate International Women's Day, we interviewed some influential women to share with you all about why IWD is important ...

SNAPPED: International Women's Day Afternoon Tea & Networking 2023

Wednesday 8th March marks International Women's Day, and to celebrate Total Guide to hosted a fantastic Afternoon Tea and Networking ...

International Women's Day Special 2023 - Taz Thornton

To celebrate International Women's Day, we interviewed some influential women to share with you all about why IWD is important ...

International Women's Day Special 2023 - Charlott McAnsh

To celebrate International Women's Day, we interviewed some influential women to share with you all about why IWD is important ...

FORMER WESTMINSTER ABBEY CHORISTER NEIL MEDLAND SHARES LIFE-LONG PASSION FOR CHORAL MUSIC

NEIL Medland will be sharing his experiences as a chorister at Westminster Abbey and his lifelong passion for choral music ...

ALLERGY CAMPAIGNER JULIANNE PONAN MBE TAKES CENTRE STAGE AT INTERNATIONAL FOOD & DRINK EVENT

Julianne Ponan MBE, CEO of allergy-free brand Creative Nature, will talk about the importance of catering for people with allergies ...

International Women's Day Special 2023 - Jodie Fraser

To celebrate International Women's Day, we interviewed some influential women to share with you all about why IWD is important ...

International Women's Day Special 2023 - Shamaine-Lei Robinson

To celebrate International Women's Day, we interviewed some influential women to share with you all about why IWD is important ...

Let's Talk

Time to top up National Insurance contributions

If you want to ensure you qualify for the full state pension, then now’s the time to top up National Insurance contributions.

Optimum Professional Services

Weather in Swindon