Ever wondered how you check online how much you are paying in National Insurance Contributions and whether it is correct?

HMRC offers an online service via its Government Gateway site. You may well have an account already, but if not, don’t worry, it is easily set up online.

Your National Insurance record online will let you see:

  • What you have paid, up to the start of the current tax year (6 April)
  • Any National Insurance credits you’ve received
  • If gaps in contributions or credits mean some years don’t count towards your State Pension (ie they aren’t ‘qualifying years’)
  • If you can pay voluntary contributions to fill any gaps and how much this will cost

In many circumstances it can be beneficial to make voluntary Class 2 contributions to increase your entitlement to benefits, including the State or New State Pension. Class 2 NICs were due to be abolished from April 2019 but this has now been cancelled.

Once you have an account, you can carry out a number of tasks, including completing your self-assessment and managing benefits.

If you don’t have a Government Gateway account, it is worth getting one. If there is anything you need to help manage your affairs, give us a call and we will be on hand to assist you in sorting it out.