There is the potential to secure tens of thousands of pounds
Martin Lewis' MoneySavingExpert.com team has explained how workers aged 40 to 70 can turn £800 into £5,500 for their retirement. The process involves buying extra National Insurance years to boost your state pension and the tip was shared in the MSE weekly newsletter.
If you do not have 35 years of NICs, then you will get less. The MSE team explained that the majority of Brits build up their National Insurance Credits during their working years. However, some people can have gaps in their records due to having to take time out of work. "If you've gaps in your NI record, check if you can fill them for free. If not, you can buy missing years from 2006 to 2016, which can be incredibly lucrative, though you'll need to do it before 5 April 2025. Don't leave it till then though, as it's not quick. We've full help on who should do this in boost NI years.
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