Can I pay state pension contributions in advance in case of unemployment in future

Hi
Question: Can I pay for the next 6 years of pension contributions in advance 2024/5 - 2030/31?
I am self-employed and am up to date with pension contributions so far with about 6 more years of contributions to make in the 8 years I have left to do so. The problem is I am not winning work like I used to and I think it is probably due to my age. So if ageism is stopping me winning work now it will only get worse in the years to come. I would like to pay the remaining 6 years of my pension contributions now as a lump sum while I can. Is this possible? I know we can make back payments but what about future ones for self-employed people who are nearing their 60s?
Thanks for any advice
Nelly.

Comments

  • p00hsticks
    p00hsticks Posts: 12,589
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    no you can't, only as and when the years becomes current. 
  • QrizB
    QrizB Posts: 13,676
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    I would like to pay the remaining 6 years of my pension contributions now as a lump sum while I can. Is this possible? I know we can make back payments but what about future ones for self-employed people who are nearing their 60s?
    While you can't make back payments, you could squirrel away 6 years of NI payments in a savings account and use those to make future payments as they come due.
    If you remain technically self-employed for those six years there's also the possibility that your income will fall far enough that you earn your NI credits witout having to actually pay any NI.

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