With the 2% change in NI taking effect in April, we thought it would be useful time to remind you of the importance of checking your NI contributions.
Checking your UK National Insurance contributions is important for several reasons, as it ensures that you are entitled to the full range of state benefits and services available to you. Here’s why and how you should check your UK National Insurance contributions:
Entitlement to State Pension:
Your National Insurance contributions play a crucial role in determining your eligibility for the State Pension. Checking your contributions helps you ensure that you have contributed enough to qualify for the full State Pension.
Other State Benefits:
National Insurance contributions also contribute to eligibility for other state benefits such as Jobseeker’s Allowance, Employment and Support Allowance, and Maternity Allowance. Verifying your contributions ensures that you are eligible for these benefits if the need arises.
Corrections and Updates:
Mistakes can occur in the records, such as missing contributions or errors in the amount paid. Regularly checking your contributions allows you to identify any discrepancies and take steps to correct them.
How to Check Your National Insurance Contributions:
Online Account:
Create or log in to your personal account on the official government website Check your National Insurance record – GOV.UK (www.gov.uk)
The “Check your National Insurance record” service provides information about your contributions, including gaps and credits.
Annual Statement:
You should receive an annual statement of your National Insurance contributions from HM Revenue and Customs (HMRC). Review this statement to ensure that your contributions are accurately recorded.
Contact HMRC:
If you have concerns or questions about your National Insurance contributions, you can contact HMRC directly for assistance, our Payroll team are not able to help outside of general advice as they do not have your full employment and National Insurance history. HMRC can provide information and guidance on your contributions and help you resolve any issues.
Regularly checking your National Insurance contributions ensures that you are on track for receiving the benefits you are entitled to and allows you to address any discrepancies promptly. It’s a proactive step to secure your financial well-being and access the support you may need in the future.