The UK Government has extended the deadline for people to voluntarily plug gaps in their National Insurance (NI) record in order to boost their State Pension entitlement until the end of July. Something which Martin Lewis said could be worth “tens of thousands of pounds to people aged between 45 and 70.
During the latest edition of The Martin Lewis Money Show Live, the financial journalist shared the update with viewers and said that prior to the announcement made on Tuesday, he and former pensions minister Sir Steve Webb - who appeared on the programme last month in a pensions special - had planned to write to the UK Government asking for an extension.
Martin also shared that the price of buying missing NI years has been frozen until July 31, 2023. The consumer champion said: “If you are aged between 45 and 70 you should be looking at this, this is absolutely crucial and could be worth tens of thousands of pounds.”
