You can find out how much you will receive online, the Money Saving Expert site said
State pensioners and those planning for their retirement have been urged to carry out a check that could potentially add more than £50,000 to their retirement income. The team at Martin Lewis' Money Saving Expert has reminded individuals in their most recent newsletter to review whether they could increase their National Insurance contributions to enhance their pension.
According to guidance from the Money Saving Expert crew, this "potentially unbeatable" top-up option could see people's retirement funds swell by upwards of £50,000. To qualify for the full new state pension, presently at £221.20 a week, a person typically requires 35 years of NI contributions, with a minimum of 10 years needed to receive any state pension.
The first step to find out if you could benefit from topping up is to check your National Insurance record using the tool on the Government website. This resource will show for each year since you turned 16 if you have either a 'full year' for complete contributions or 'year is not full' where gaps exist.
The state pension age is currently 66 but this will be increasing to 67 and then to 68 over the coming years. If you have missing NI year but are on track to get the full state pension, there is no need to top up.
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