The potential boost is only 'worth it' for those over a certain age - between age 45 and 73, so born in 1951 to 1979
Martin Lewis has sounded the alarm bell for those born between 1951 and 1979 to check if they can significantly boost their State Pension by up to £50,000. The financial guru and television personality has pointed out that this potential increase is 'worth it', particularly for individuals aged between 45 and 73.
Under normal circumstances, an individual can fill in up to six missing NI years, however, transitional rules allowed by the introduction of the 'new' State Pension offered a one-off chance to address shortfalls stretching back to 2006. The deadline for this opportunity was initially set to end on April 5, 2023, then extended to July 31, 2023, and due to overwhelming interest, it's now been further pushed to April 5, 2025.
"The older you are, the more likely you should be. If there are no gaps after 2019, then you could buy those so you could wait and see," reports Birmingham Live. Martin continued: "If you're under 45 this probably isn't worth doing, unless you've got very cheap partial years, if you've got a year available for £16 just go and buy it because it's so cheap just in case you miss years in the future because it's so cheap for what it could be worth.
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