Workers aged roughly 45 to 70 can turn £800 into £5,500 for their retirement, Martin Lewis has revealed. The money-saving expert said it involves buying extra National Insurance (NI) years to boost your state pension.
Anyone who reached state pension age before April 6, 2016, can claim the full new state pension which is currently worth £185.15 a week. However, to get the full amount you’ll normally need to have 35 years’ worth of qualifying NI contributions.
You'll receive less state pension if you have less than 35 years. Usually, NI credits build up during their working years but you may have holes in your record if you had to take time out, the Mirror reports.
