In a welcome move, taxpayers will now have an extra four months until the end of July to make additional payments to their National Insurance contributions to increase state pension entitlements
The government has extended the voluntary National Insurance deadline by four months to 31 July 2023 to give taxpayers more time to fill gaps in their National Insurance record and help increase the amount they receive in state pension. They will also be able to top up their accounts at the lower 2022-23 tax year rates.
This comes after members of the public voiced concern over the previous deadline of 5 April 2023.
The deadline extension was announced in writing earlier today and HMRC is urging taxpayers to ensure they do not miss out.
All motorsport business owners should check the NIC record and act on it with urgency so as not to miss out.