Ability to purchase extra years National Insurance Contributions
In simple terms, if you pay or are deemed to pay enough years National Insurance Contributions (NIC) you will get a full state pension. If you are short some years you will get less state pension. Up until the 5th April 2023 you can make any year back to 2006 count for NIC by paying extra NIC now. This is where simplicity ends. The following post is an outline explanation of what it’s worth to you by paying the extra NIC, what it will cost, whether you are eligible and how to pay…continue reading →