HMRC has urged workers to act soon to top up their state pension as the deadline to secure the full amount grows closer. In less than six months, people will no longer be able to fill gaps in their national insurance records to maximise their pot. The government put the deadline in place to ensure that those who could be affected by the new state pension transitional arrangements have time to secure the full amount.
To qualify for the full new state pension amount, most people will need 35 full national insurance years. Buying one of these costs 824, but will secure much more than this in the long run. Each year filled will lead to an extra 328 a year in state pension pre-tax, meaning the investment can lead to significant long-term returns.
Collection
[
|
...
]