Class 3 NIC

Class 3A voluntary contributions will allow pensioners and those reaching State Pension age before 6 April 2016 who have entitlement to a UK State Pension the opportunity improve their retirement income by obtaining inflation-proofed extra additional State Pension say Harris & Co accountants Northampton #accountantsnorthampton

Those who meet the eligibility requirements under the Pensions Act 2014 will be able to pay Class 3A contributions from 12 October 2015 and 5 April 2017.

The measure is aimed at women and other groups who have done less favourably under the existing State Pension rules and have not previously been able to top these up their additional State Pension.

According to the TIIN, the estimated take up on this measure is expected to be 265,000.