HMRC pension top-up scheme sees £12.5m boost in first six months
Since the launch of the new digital service in April 2024, over 10,000 payments totalling £12.5 million have been made by individuals looking to enhance their State Pension.
HM Revenue and Customs (HMRC) has confirmed this impressive uptake as people make voluntary National Insurance (NI) contributions to fill any gaps in their records between April 2006 and April 2018.
The deadline for making these contributions is 5 April 2025. After this date, voluntary contributions will only be possible for the previous six tax years. As such, the HMRC and Department for Work and Pensions (DWP) are urging individuals to review their NI records promptly. This can be easily done using the “Check your State Pension forecast” tool available on GOV.UK.
The online service allows users to assess their NI record, identify gaps, and determine whether making voluntary payments could increase their future State Pension. If an individual opts to make a payment, the system guides them through the process seamlessly. Since April, 3.7 million people have accessed the online tool, reflecting the strong interest in improving retirement prospects.
Data from HMRC shows that most users topping up their NI record have chosen to fill in one year of contributions, with the average payment standing at £1,193. Notably, the highest recorded increase in weekly State Pension due to these top-ups has reached £107.44.
Accessing the pension checker is straightforward. Users can log in via their HMRC online account or through the free HMRC app. The app gives quick access to a person’s full pension details, including their projected retirement date and weekly, monthly, and annual forecasts. Anyone without an HMRC online account can register directly through GOV.UK to use these services.
For those considering topping up, the deadline is approaching fast. Checking eligibility and taking action could significantly improve future retirement income.
Emma Reynolds, Minister for Pensions, said: “We want pensioners of today and tomorrow to enjoy the dignity and support they deserve in retirement. That’s why I urge everyone to check if they could benefit by filling gaps before the deadline passes. Using our online tool means only a few clicks could make a huge difference to your future.”
