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Liverpool Echo
Liverpool Echo
World
Ryan Paton

Good Morning Britain's Martin Lewis issues pension warning to anyone aged between 45-70

Martin Lewis has issued a pension warning to anyone aged between 45-70.

The consumer champion issued the advice on yesterday's Good Morning Britain. The finance guru appeared on the show alongside Susanna Reid for the first edition of Wallet Wednesdays.

The new monthly segment will see the 50-year-old offer financial advice to help viewers navigate their way through the cost-of-living crisis. In recent weeks, the Money Saving Expert has urged people to take action with their pensions before April 5.

READ MORE: DWP four day warning as time running out to apply for £600 payment

Claimants must fill out gaps in their National Insurance contributions (NIC) or face losing thousands of pounds. People aged between the age of 45 and 70, who will receive the new state pension, can backdate any gaps to 2006.

However, after the start of the new tax year on April 5, claimants will only be able to fill in NIC gaps from the past six years. It is now just under a week to the deadline and Martin reiterated the advice to a viewer named Rachel on yesterday's show.

The viewer said she had enough state pension credits for a full pension, but some of the years weren't full - and questioned whether she needed to top these up. Martin urged anyone in a similar position between the ages of 45 to 70 to follow these steps.

He said: "Go on to gov.uk. The first thing you can do is check are you missing any national insurance years? You can do that on gov.uk on its National Insurance page. If you are, you then go to your state pension forecast, unless you are already getting your pension when you should know.

"That will tell you whether you're likely to get a full state pension. If you've got missing years and you're not likely to have a full state pension then you need to consider whether you should buy those years."

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