Wealth Design News

Thousands of people are being urged to consider topping up their state pension before the price goes up in April. Someone who pays in £600-£700 now could potentially end up receiving £4,000-£5,000 of extra state pension over their retirement. Many people are unaware they can potentially cash in by paying subsidised voluntary national insurance contributions (NICs) to fill past gaps in their NI records. But the price of voluntary NICs will rise in April, so those considering topping up their state pension in this way should not delay doing so, according to former pensions minister Steve Webb.