{"id":25085,"date":"2023-07-13T12:35:38","date_gmt":"2023-07-13T11:35:38","guid":{"rendered":"https:\/\/smh.group\/?p=25085"},"modified":"2023-07-13T12:35:38","modified_gmt":"2023-07-13T11:35:38","slug":"nics-deadline-deferred-again","status":"publish","type":"post","link":"https:\/\/devstagesite.co.uk\/smhgroup\/nics-deadline-deferred-again\/","title":{"rendered":"NICs deadline deferred, again"},"content":{"rendered":"

If you were planning to fill the gaps in your national insurance contributions (NICs) record by 31 July, you no longer need to rush or worry \u2013 you now have until 2025. <\/strong><\/p>\n

As is often the case with financial deadlines, publicity in the form of press stories and subsequent public awareness often arrive late in the day, and in the case of voluntary NICs, this has caused the Department for Work and Pensions and HMRC to reassess its July deadline.<\/p>\n

Back on 7 March, the government was forced to extend the deadline from 5 April to 31 July. In addition, the Treasury said that all voluntary contributions would be payable at 2022\/23 rates \u2013 a useful perk when the main voluntary rate (Class 3) was raised by 10.1% for 2023\/24 to \u00a3907.40 a year. It seemed highly unlikely that there would be any further extension of the deadline beyond July, but in mid-June, the government announced a further deferral, all the way out to 5 April 2025.<\/p>\n

Why it matters<\/strong><\/h2>\n

The introduction of the new state pension in April 2016 was one of the most significant reforms to state benefits in decades. If you did not reach state pension age before 6 April 2016, there were two important adjustments to rules relating to pension entitlement and NICs:<\/p>\n