Explanatory Notes

Pensions Act 2014

2014 CHAPTER 19

14 May 2014

Overview of the Structure of the Act

Part 2 – Option to boost old retirement pensions

33.This Part creates a new class of voluntary National Insurance contribution, Class 3A, for pensioners and people due to reach pensionable age before 6 April 2016. Payment of Class 3A contributions would entitle a person to one or more units of additional pension.