The government is urging individuals to act now to maximise their State Pension by filling gaps in their National Insurance (NI) records for the years between 6 April 2006 and 5 April 2018. By making voluntary contributions, people can potentially increase their future State Pension payments. This option is available until the deadline of 5 April 2025.
Since launching its digital service in April 2024, the government has reported over 10,000 payments totalling £12.5m. This online tool helps individuals identify gaps in their NI records, determine if making contributions could enhance their pension, and process payments conveniently.
Analysis reveals that 51% of users chose to top up one year of their NI record, with an average payment of £1,193. Some have increased their weekly State Pension by up to £107.44. However, after April 2025, voluntary contributions will only be permitted for the six most recent tax years.
Pensions Minister Emma Reynolds encouraged action, “We want pensioners of today and tomorrow to enjoy the dignity and support they deserve in retirement… I urge everyone to check if they could benefit from filling gaps before the deadline… A few clicks could make a huge difference to your future.”
To date, 3.7 million people have accessed the online tool to check their State Pension forecast. You can do the same at: www.gov.uk/check-state-pension.
It is important to take professional advice before making any decision relating to your personal finances. Information within this article is based on our current understanding and can be subject to change without notice and the accuracy and completeness of the information cannot be guaranteed. It does not provide individual tailored investment advice and is for guidance only. Some rules may vary in different parts of the UK.