Wealth
The deadline to top up missing national insurance years between 2006 and 2016 has been extended to 31 July 2023, while the price of doing so will be frozen at current costs during this period.
Depending on your age today, you’ll usually need at least 10 qualifying years on your NIC record to get any State Pension and 35 years to receive the full amount. If you have between 10 and 35 qualifying years, you’ll receive a proportion. You’ll need to work out whether it’s worth making voluntary contributions.
Martin Lewis shared the warning on an episode of his ITV show and said that many could miss out on thousands of pounds by not checking their National Insurance Contributions (NICs).
Email info@thepennygroup.co.uk or call 0207 061 2345 if you have any questions or should you wish to speak to one of our advisers.
