Class 3A NICs is here!

From 12th October 2016 until 5th April 2017, pensioners and pensioners-to-be (i.e. anyone reaching state pension age on or before 5th April 2016), can buy some additional state pension. Class 3A NICs is age-related NICs and not handled through the payroll. It is intended to boost the state pension of those who cannot benefit from the new single tier pension, as that comes in for those reaching state pension age on or after 6th April 2016.

Prices are based on purchasing units of £1 and up to £25 per week, and extra state pension can be bought based on the applicant’s age. You can find out more here.