Class 2 and Class 3 - To count for pension purposes Class 2 and Class. 3 contributions must currently be paid within 6 years of the end of the tax year in which they were due There is also a penalty under which contributions
ve to be paid at a higher rate if:
A
A
payment of Class 3 contributions is not received within 2 years of the end of the tax year in which the contributions were due.
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payment of Class 2 contributions are not received within one year of the end of the tax year in which the contributions were due.
Where the penalty applies contributions are then due at the highest rate of contribution in force during the period beginning with the week in which the contribution was due and ending on the date of payment.
If you are in any doubt about your insurance position and need further advice please write to us.
Yours sincerely
Ms. V.Gamer
G L Foster
Enc
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