Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Liverpool Echo
Liverpool Echo
World
Lottie Gibbons

Martin Lewis' two-month pension warning to anyone aged between 45 and 70

Martin Lewis has urged people to take action with their state pensions before April 5.

The MoneySavingExpert founder said claimants must fill out gaps in their National Insurance contributions (NIC) or face losing thousands of pounds. Speaking on his podcast, Martin said anyone between the age of 45 and 70, who will receive the new state pension, can backdate any gaps to 2006.

But after April 5, claimants will only be able to fill in NIC gaps from the past six years. To get the new state pension, you must have contributed 35 years' worth of National Insurance.

READ MORE: Martin Lewis' warning to everyone who has broadband

Martin said: "On April 6, 2016, that was the day they introduced the new state pension. For those who hit pension age since then, you have been put on the new state pension.

Money Saving Expert's Martin Lewis (Kirsty O'Connor/PA Wire)

"As part of that, transitional arrangements were put in place. Those transitional arrangements end this tax year, they end on April 5, 2023."

You can check your NIC's on the government's website. Martin added: "That will tell you when you are due to get your state pension and it will give you a forecast based on your current national insurance record of how much you are likely to get.”

"For those who are already at state pension age, go check your National Insurance record, which will tell you how many years of full contributions you have and whether, crucially, you have any gaps in your contribution record."

READ NEXT:

Jet2 issues warning for all UK customers travelling to Spain

Man sells rare 50p for £186 with thousands more out there

DVLA issues £1,000 warning to drivers who passed test before 2014

Warning issued to UK holidaymakers planning trips to Germany, Portugal and Spain

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.