TaxSource Total

Here you can access summary of the key current tax developments in Ireland, the UK and internationally as reported by Chartered Accountants Ireland

The report of key tax developments are displayed per year, per month, by Ireland, the UK or International and by report title

Buying Additional Years of National Insurance Contributions

From 6 April, changes introduced by the Pensions Act 2008 give some people the right to buy up to an additional six years of voluntary Class 3 National Insurance contributions to boost their State Pension. These years are over and above those that can already be bought.

The new measure applies to individuals who:

Individuals who reach State Pension age between 6 April 2008 and 5 April 2010 must have at least one qualifying year from paid or treated as paid National Insurance contributions and/or earnings.

Full details of the new option to purchase additional years of NICs are available at http://www.hmrc.gov.uk/nic/vol-class3.htm