13:45 28 March 2013
Voluntary contributions are when you freely give payments to the government even though you may not have worked, or you do not owe the government for some reason.
The downfall of not paying anything in taxes is that you have limited, or no state benefits due to lack of payments. This unfortunately means that the basic state pension is also one of the state benefits that you miss out on.
One way around this is to start doing voluntary contributions. This will ensure that you will have some, if not all, of your state benefits. Who Should Consider Paying Voluntary National Insurance?
There are several types of people who may want to consider paying voluntarily.
Some reasons you may be denied paying voluntary contributions are because you chose to pay reduced National Insurance contributions for the whole year. You can’t pay both ways in the same tax year for your insurance. You have to pick one and then change it for the next year if you choose to do so. You may also have National Insurance Credits.
The third reason you could be denied is because you have successfully reached the age to get your pension during that tax year. This is good news and means you probably won’t have to pay to get your benefits. Just to be safe you should contact the HM Revenue and Customs office.