Don’t Miss Out: Claim Your £6,100 Handout Before It’s Too Late
As a savvy saver, I’m always on the lookout for ways to maximize my finances. And recently, I stumbled upon a little-known trick that could put an extra £6,100 in your pocket. Yes, you read that right - £6,100!
According to Martin Lewis, the Money Saving Expert, people born between specific dates could be entitled to claim additional National Insurance years, which could lead to a significant boost in their state pension. But you need to act fast, as the deadline to claim is fast approaching.
Planning for your future
To qualify, you’ll need to have been born after April 5, 1951 (for men) or April 5, 1953 (for women). If you have any missing years in your National Insurance record, you can buy them back, but you’ll need to do it before April 2025. The process might take some time, so don’t delay.
Buying back a year will cost a maximum of £824, but you’ll receive £329 back into your state pension per year. That’s a profit in under three years! Martin Lewis estimates that men who live to the average life expectancy could gain £5,400, while women could earn £6,100.
Boost your state pension
But don’t just take my word for it. Tom, who followed Martin Lewis’ advice, was able to claim an extra £40 per week (£2,000 per year) by buying back seven years of National Insurance. He said, ‘I was missing 9 years, but after phoning the pensions people, I found out I only needed to buy 7 years to qualify. If I hadn’t phoned, I’d have paid the full £7,500 and lost about £1,800.’
Don’t miss out on this opportunity to boost your state pension. Take action today and claim your £6,100 handout before it’s too late.
Take control of your finances
Remember, it’s always a good idea to review your National Insurance record and ensure you’re getting the most out of your state pension. You never know, you might be surprised at how much you could be entitled to.
