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Draft regulations have been published on the changes to the time limits and higher rate provisions that apply to the payment of voluntary National Insurance contributions (NICs) for those reaching state pension age on or after 6 April 2017.
Draft regulations have been published on the changes to the time limits and higher rate provisions that apply to the payment of voluntary National Insurance contributions (NICs) for those reaching state pension age on or after 6 April 2017.
The time limits for paying class 2 and class 3 contributions from t2006/07 to 2015/16 inclusive will be extended to 5 April 2023. The higher rate provisions that apply to the 2006/07 to 2009/10 tax years (2010/11 for class 2) will be frozen until 5 April 2019, after which normal rules will apply and the rate payable will be the highest rate between the tax year the contributions relate to the year in which they are paid.
