The full New State Pension is currently worth more than £10,600 this year.
The UK Government recently announced that taxpayers now have until April 5, 2025 to fill gaps in their National Insurance record from April 2006 that may increase their State Pension - an extension of nearly two years on the July 31 deadline.
Helen Morrissey, head of retirement analysis at Hargreaves Lansdown, said: “The gender gap in State Pensions continues to narrow with the gap between average weekly amounts between men and women now less than £5 per week for the New State Pension. But she also warned: “Before handing over any money for these credits it’s hugely important to check in with DWP’s Future Pension Service to make sure you actually will benefit from extra credits.
Step-by-step guide to boosting State Pension payments Here is a five-step guide for men born after April 5, 1951, and women born after 5 April 1953, to help them decide whether it’s worth making up any missed years before they are lost forever. If you are not at State Pension age, simply check your NI contribution record by logging onto the State Pension forecast calculator, which you can access through your Government Gateway here.
Latest State Pension News Step 2: Assess whether filling any NI gaps makes sense Your State Pension Summary will clearly state how many years of contributions you already have, how many you have left to contribute before you retire and the number of years in which you did not contribute enough. The best solution is to call the UK Government’s Future Pension Service on 0800 731 0175 to double check how many years you can buy and whether voluntary contributions will add to your State Pension. Those who have already reached retirement age must contact the Pension Service on 0800 731 0469.
For someone who was living abroad during their missed year, they need to download and complete HMRC CF83 form and send it to the address on the form.
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