It is quick and simple to check
Martin Lewis is warning of a change, put in place in 2016, that comes into force in April 2023. With just 48 days to go, the financial guru is urging anyone under the age of 70 and over 45 years old to 'act now'. As the April deadline looms, Martin says Brits risk losing thousands if they ignore the cut-off date.
Mr Lewis said that by acting now, as much as £7,500 could be saved. He said: "It could leave many thousands of pounds better off, but you need to do it by the end of the tax year, April 5".Everyone aged between 45 and 70 could be affected by a change put in place in 2016 that comes into force in April 2023, Martin told his listeners.
He continued: "This is all about your National Insurance years. The amount that you get in your state pension is about the number of qualifying years that you have. You can acquire years by working. Minimum wage, and you will get National Insurance credits, or if you're not working there are other ways you can get NI credits, for example, if you are raising children or have a disability.
"Anybody listening right now, do this. If you are not yet at state retirement age, go to gov.uk and look up your state pension summary. That will tell you when you will get your pension and it will give you a forecast of how much you are likely to get." He then added that you can go check your National Insurance record to see if there are any gaps in your National Insurance.
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