National Insurance – voluntary contributions
New guidance has been published for to assist anyone considering making additional voluntary (class 3) NI contributions. These can be made by individuals, including those who are not currently working, who are not liable to other classes of National Insurance or are living abroad.
The payment of Class 3 contributions counts towards an individual’s entitlement to the basic state pension and certain bereavement benefits. Payments are usually due no later than 42 days following the end of each tax year. It is also possible to make payments for up to six previous years and to go back even further if you meet certain conditions.
Payment can be made directly to HMRC by cheque or direct debit. Note that if you pay and subsequently change your mind there is no automatic entitlement to a refund.