The Money Saving Expert founder said there is an 'unbeatable opportunity' for people who are state pensioners born after 1951 to check whether they could boost their National Insurance contributions
Martin Lewis has issued a warning to state pensioners born post-1951, advising them to review their National Insurance contributions for potential boosts. The finance guru has published a detailed guide on his Money Saving Expert website on how to increase State Pension sums.
""This can prove very lucrative, as some are on course to make over £50,000 in boosts to their state pension by following this guide. " However, an important caveat from MSE notes that the guidance pertains specifically to men born after 5 April 1951 and women born after 5 April 1953 . ""In general, you need around 35 full NI years to get the maximum state pension, though some will need a lot more depending on your age and NI record up to now. Normally you can buy back up to six years, but when the 'new' state pension was introduced, transitional arrangements were put in place to let you plug gaps all the way back to 2006.
"Martin advises checking your national insurance record to see if you have any missing years - for each year it will either say 'full year' or 'year is not full'. Then, see if you can plug the gap for free with NI credits and work out if you should pay.
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