People have until the end of July to top up National Insurance years between 2006 and 2016
Martin Lewis has shared essential advice for anyone unable to get through to the Future Pension Centre to buy missing National Insurance years in order to boost their State Pension entitlement. The UK Government recently extended the deadline from April 5 to July 31 due to a surge in demand for the service and has frozen the prices of each year.
But he added that the situation on the phone lines is a “real problem” and explained how he spoke to the DWP before the show about it. He told the live audience in Liverpool and viewers at home a few tips to help them get through on the phone and top up their State Pension. He also said DWP agreed that after Easter, “they will come up with a solution that I can tell people if you’re not getting through what you do then”.
The danger of gaps is that you don’t accrue enough qualifying years to receive a full State Pension. Britons typically need at least 10 years of NI contributions to receive anything at all and at least 35 years to receive the maximum amount, which currently stands at £9,600 a year for those retiring after 6 April 2016 and will rise to £10,600 from April.
The summary also outlines how much you would receive if you continued to contribute and what steps you need to take to improve the forecast if there are any shortfalls. For those who are already at State Pension age, they can simply check their National Insurance record for any incomplete years since 2006.
For younger people, it may not be worth the expense of filling the gaps as they will hit the 35-year contribution target anyway over the course of their life through work or NI credits. For them, it would be taking a real risk to buy now unless they are sure they won't make them up later, for example, because they live overseas.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
People say I'm a 'hatfish' and look 20 years younger when I wear a capA MAN who was called a ‘hatfish’ by a cruel troll has hit back by telling people how the label really isn’t a compliment. Scott D Henry posted a video in response to the unwanted …
Read more »
Reproductive outcomes in women and men conceived by assisted reproductive technologies in Norway: prospective registry based studyObjectives To determine whether the perinatal outcomes of women or men who were conceived by assisted reproductive technologies are different compared with their peers who were naturally conceived. Design Prospective registry based study. Setting Medical Birth Registry of Norway. Participants People born in Norway between 1984 and 2002 with a registered pregnancy by the end of 2021. Exposure People who were conceived by assisted reproductive technologies and have had a registered pregnancy. Main outcome measures Comparing pregnancies and births of people who were conceived by assisted reproductive technologies and people who were naturally conceived, we assessed mean birth weight, gestational age, and placental weight by linear regression, additionally, the odds of congenital malformations, a low 5 min Apgar score (|7), transfer to a neonatal intensive care unit, delivery by caesarean section, use of assisted reproductive technologies, hypertensive disorders of pregnancy and pre-eclampsia, preterm birth, and offspring sex, by logistic regression. The occurrence of any registered pregnancy from people aged 14 years until age at the end of follow-up was assessed using Cox proportional regression for both groups. Results Among 1 092 151 people born in Norway from 1984 to 2002, 180 652 were registered at least once as mothers, and 137 530 as fathers. Of these, 399 men and 553 women were conceived by assisted reproductive technologies. People who were conceived by assisted reproductive technologies had little evidence of increased risk of adverse outcomes in their own pregnancies, increased use of assisted reproductive technologies, or any difference in mean birth weight, placental weight, or gestational age. The only exception was for an increased risk of the neonate having a low Apgar score at 5 min (adjusted odds ratio 1.86 (95% confidence interval 1.20 to 2.89)) among women who were conceived by assisted reproductive technologies. Odds were slightly decreased of havi
Read more »
TikTok fears and energy supply concerns tackled in Rishi Sunak's new national security planRishi Sunak has beefed up his National Security Council to reflect the growing threat to the UK’s energy supplies and challenges posed by technology and cyber security 🔎 janemerrick23 reports
Read more »
Puffin-mad Shropshire artist lands National Trust dealA Shropshire-based artist with a passion for puffins has completed a deal with the National Trust for her wildlife scenes to be sold at stately homes and historic buildings.
Read more »