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State pensioners urged to come forward for free £50,000 before rule ‘reverts’


Department for Work and Pensions (DWP) state pensioners can boost their state pension by £50,000 – but the deadline to do so is April 5.

State pensioners urged to come forward for free £50,000 before rule ‘reverts’

State pensioners have been urged to boost their pots by as much as £50k – but there is only one month left to do so. Department for Work and Pensions (DWP) state pensioners can boost their state pension by £50,000 – but the deadline to do so is April 5.

Pensioners can fill gaps in their National Insurance record before the deadline. Currently, individuals can buy missing NI years dating back to the 2006/7 financial year after the rules were changed in 2016.

However, this will change from April 6. People can increase their state pension by up to £113.76 a week, working out as an annual increase of £5,915.92, or over £50,000 for a decade if you live that long after fulfilling the task.

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Martin Leiws says the deadline to ‘buy back’ any missing national insurance years from 2006 to 2018. “Getting those back … that is what can be worth tens of thousands of pounds,” Mr Lewis told viewers.

Speaking on ITV’s The Martin Lewis Money Show on Tuesday evening, the money expert joked: “I suspect I’ve probably crashed the government’s website.” He said: After April 5 it reverts. There are 13 years you are going to lose access to… that is massive because one year is worth about £330 a year on top of your state pension.”

The expert used his popular ITV show to explain steps viewers should follow to check if they should buy back NI years, saying; 2I have five steps to show you and it’s worth doing”.

“Many people are missing past NI year dues to having low income… or having career breaks, or not claiming correctly, that can be worth tens of thousands of pounds,” the 52-year-old said.

To assess whether buying NI years back is relevant to viewers, Martin shared his five-step plan, which is also outlined in detail and with relevant links on his website.



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