More than 56% of people say they weren’t prepared for life’s financial milestones with one in four admitting they lack basic knowledge about money matters but are too embarrassed to ask, according to new research.
People wanting to maximise their State Pension by plugging gaps in their National Insurance record have contributed to a total of 68,673 years, worth £35 million, using the online service since April last year HM Revenue and Customs (HMRC) has revealed.
During Pensions Awareness week, HM Revenue and Customs (HMRC) is urging tens of thousands of people to check if they are eligible to boost their State Pension.
Taxpayers now have until 5 April 2025 to fill gaps in their National Insurance record from April 2006 that may increase their State Pension - an extension of nearly two years - the government announced today (12 June).
The government has extended the voluntary National Insurance deadline 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.
