The 'clock is ticking' on a deadline to get extra National Insurance years added to your record with the taxman
Martin Lewis has highlighted that anyone born between specific dates could be eligible for a £6,100 government payout, but the deadline to claim is fast approaching.
The new state pension, introduced in 2016, applies to all men born after April 5, 1951, and women born after April 5, 1953. If you were born after these dates, you might be able to claim additional National Insurance years.To 'buy back' any missing years from your record, which could be due to various reasons such as living abroad or not earning enough in a particular year, a small investment is required.
Each year costs a maximum of £824 to claim back, with the amount varying slightly over the years. However, you will receive approximately £329 per year back into your state pension, meaning you would be 'in profit' in less than three years. "I phoned to be told all I needed to buy was 7yrs to qualify me for an extra £40/wk . If I hadn't phoned, I'd probably have paid the full £7,500 and lost about £1,800. I'm now looking forward to receiving the full pension."
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