Moore Thompson Accountants are warning taxpayers that HM Revenue
and Customs (HMRC) has recently admitted that around nine million
end-of-year P60 forms have not been matched with the corresponding
National Insurance (NI) records.
Those affected will not have been credited for the NI
contributions they have paid, leaving them with an incomplete
payment record which could in turn affect their state pension
payments.
However, many of those affected appear to be short-term, student
or migrant workers, for whom this will make no real difference as
they will either not qualify for a UK pension, or will still have
plenty of time to build up the required 30 years of contributions
in the future.
Mark Hildred, managing partner at Moore Thompson, said: "For a
small proportion of those affected - those who have frequently
changed jobs, or who have only worked for about 30 years anyway -
there is the possibility that this mistake by HMRC could lead to a
shortfall in pension payments.
"Anyone who is concerned should contact the Contributions Office
for a pensions forecast at www.direct.gov.uk. The forecast will
include details of any gaps in an individual's NI record, so anyone
who thinks it is wrong can query it".
For more information, please contact Moore Thompson in Spalding
on 01775 711333, in Wisbech on 01945 465767 or in Market Deeping on
01778 380850, or visit www.moorethompson.co.uk