Missing NI contribution, one year

helenjones833

Hi

I'm 34 years old now and have been working since 2000 but I have one missing NI contribution year from 2006/2007.

I gather that the deadline for making up this missing year with a payment is the coming April 2013 but I'm wondering whether it's worth the outlay?

If I understand correctly, the maximum qualifying years for state pension is 30 years which would mean 2030 if I made full contributions, or 2031 taking the missing year into account. I would be 53 years old by that time so probably well before a normal retirement age of 66 years or more.

By the above logic it seems like it would only be worth making the top up payment in the unlikely event that I would be out of work for more than 13 years before I reach 66; and presumably even if I were to be I could still top up the later missing years at that point in time. Can anyone advise if there is some other reason to make the payment that I am missing?

Thanks.

Lokolo

That's correct! I think there might be something else to do with JSA (but extra JSA?) as well but uncertain about that.

grey_gym_sock

yes, and if you are eventually short of years, you could pay to make up some of the last few years. which would give a much quicker payback than buying a year now, when you're about 35 years away from getting the state pension.