Tag: top-up grants

10,000 boost State Pension with online payments

  • Individuals have less than 6 months to fill any gaps in their National Insurance records from 2006 onwards to maximise their State Pension
  • Thousands have topped up their National Insurance record using the government’s online service
  • Government encourages people to act now and check their National Insurance record

More than 10,000 payments worth £12.5 million have been made through the new digital service to boost people’s State Pension since it launched in April 2024, HM Revenue and Customs (HMRC) has revealed.

People have until 5 April 2025 to maximise their State Pension by making voluntary National Insurance contributions to fill any gaps in their NI record between 6 April 2006 and 5 April 2018.

HMRC and Department for Work and Pensions (DWP) are encouraging people to act now and use the Check your State Pension forecast tool on GOV.UK to see if they can increase their retirement income.

The service enables people to check if they have gaps in their National Insurance (NI) record, calculate if making a payment would increase their State Pension, and then make a payment if they wish to do so.

Further analysis of the use of the online service shows:

  • the majority of customers (51%) topped up one year of their NI record
  • the average online payment is £1,193
  • the largest weekly State Pension increase is £107.44

After the 5 April 2025 deadline, people will only be able to make voluntary contributions for the previous 6 tax years, in line with normal time limits.

Since its launch in April, 3.7 million people have used the online checking tool on GOV.UK to view their State Pension forecast.

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.”

Customers can use the Check your State Pension forecast tool by logging into their online account or via the free and secure HMRC app. Those without an online HMRC account can register on GOV.UK.

HMRC app users can see their pension details at their fingertips including their current potential retirement date as well as annual, monthly and weekly forecasts as well as checking their NI record.

Everyone should be aware of the risk of falling victim to scams and should never share their HMRC login details with anyone. HMRC scams advice is available on GOV.UK.

More information on voluntary NI contributions

More support for hospitality, retail and leisure industries

January grants top-up announced

A significant top-up to the grant support available for hospitality, retail and leisure businesses across Scotland closed by level 4 restrictions will be paid following an announcement by Finance Secretary Kate Forbes.

In addition to the grants businesses receive through the Strategic Business Framework Fund, eligible businesses will also get a one off grant of:

  • £25,000 for larger hospitality businesses on top of the 4-weekly £3,000
  • £6,000 for smaller hospitality businesses on top of the 4-weekly £2,000
  • £9,000 for larger retail and leisure businesses on top of the 4-weekly £3,000
  • £6,000 for smaller retail and leisure businesses on top of the 4-weekly £2,000

In most cases, eligible businesses that have already applied for the 4-weekly payment from the Strategic Framework Business Fund will get an automatic top-up.

For the majority, this top-up will be combined with the next tranche of payment for the Strategic Framework Business Fund due to go to businesses on 25 January.

Businesses that haven’t yet applied for either of these funds should submit an application as soon as possible through their local authority website. Applications are now open.

Ms Forbes said: “Since the start of the pandemic Scottish Government support for business and the economy has reached almost £3 billion – more than a third of our total coronavirus (COVID-19) funding, demonstrating our commitment to provide as much help as we possibly can to our businesses.

“As promised, this additional support for hospitality, retail and leisure businesses will be available this month, in some cases doubling or tripling the amount of support we are providing. Applications are open now and payment will be made this month.

“Crucially this essential funding will also help to close the gaps in UK wide support for these impacted sectors and our one-off support for larger hospitality premises of £25,000 is considerably more generous than the £9,000 grant on offer in England.

“I’d encourage all eligible businesses to apply through their local authority if they have not done so already. Of course we are acutely aware that this support can never compensate for the full impact on business, but we must work within the resources that are available to us, and we continue to respond to the evolving economic challenges arising from the pandemic.”

David Lonsdale, Director of the Scottish Retail Consortium said: “Shops and high streets across Scotland have been left reeling by coronavirus. These enhanced cash grants for retail business are a financial lifeline which will help non-essential stores through the current phase of being unable to open and trade.

“There isn’t a taxpayer-funded support scheme which can replace the potential losses of store closures, so it is very encouraging that the Finance Secretary has listened and responded positively.”