A new online service makes it quicker and easier to check future State Pension payments.
Retirement experts are urging people not to miss out on the chance to increase their State Pension payments in later life, especially if they are approaching 66 before next April. Last week, HM Revenue and Customs and the Department for Work and Pensions launched a new online service which makes it easier to track your State Pension pot.
Mike Ambery, Retirement Savings Director at Standard Life, part of Phoenix Group said: “We welcome the launch of the Government’s new online NI contribution checking service and encourage everyone to check their contribution status, and to get a State Pension forecast, as the payment is a vital source of income in retirement for millions.”
“Someone starting to claim at 66 and living for another 20 years could see their State Pension increase by around £6,060 as a result of making the additional payment. From April 6 2025, people will only be able to pay voluntary contributions for the previous six tax years, in line with normal time limits.
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