People have less than six months left to fill any gaps in their National Insurance (NI) records going back as far as 2006 to maximise their State Pension in retirement
Those hoping to get as much as possible out of their State Pension in retirement are being urged to take action. Brits have less than six months to bridge any gaps in their National Insurance from 2006 to optimise their State Pension payments.
Some individuals may be entitled to NI credits instead of having to make contributions, so they should check and consider what is best for them. HMRC stated that further analysis of the online service usage shows that the majority of customers topped up one year of their NI record, with the average online payment being £1,193.
People keen to learn more about making voluntary contributions can visit GOV.UK. For those still in their working years, the State Pension forecast can also be checked on GOV.UK. The process for updating records has been simplified thanks to governmental efforts, Haine added: "Plugging gaps in your record is relatively straightforward since the Government rolled out its new NI payments services in April this year - a State Pension forecast tool that has been checked by 3.7m since its launch."
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