Boost Your State Pension Before It’s Too Late

Your state pension is a cornerstone of financial security in retirement, and there’s a golden opportunity to maximize it—but time is running out. If you have gaps in your National Insurance (NI) record, you could be missing out on thousands of pounds in retirement income. Here’s how you can take action and ensure you’re not leaving money on the table.

Why Act Now?

The UK government has set a deadline of 5 April 2025 for individuals to fill gaps in their NI record dating back to 2006. After this date, you’ll only be able to make voluntary contributions for the previous six tax years. This means the window to address older gaps is closing fast.

Who Should Check Their NI Record?

Anyone who has taken time off work, lived abroad, or earned below the NI threshold may have gaps in their record. This includes:

• Parents or caregivers who took time off to raise children or care for relatives.
• Individuals who were unemployed but not claiming benefits.
• Those who worked abroad for a period.

Even if you’re unsure, it’s worth checking your NI record on the GOV.UK website to see if you have any gaps.

How to Boost Your State Pension

1. Check Your NI Record: Use the online tool to identify any gaps in your contributions.
2. Make Voluntary Contributions: If you find gaps, you can make voluntary Class 3 NI contributions to fill them. The cost for a missing year is up to £907.40, but this could add £302.64 per year to your state pension—meaning you’d recoup your investment in just three years of retirement.
3. Seek Advice: If you’re unsure whether topping up is right for you, consult a financial adviser or use free resources like MoneyHelper.

The Benefits of Topping Up

Filling gaps in your NI record can significantly increase your weekly state pension payments. For the 2025-26 tax year, the full state pension will be £230.25 per week, or approximately £11,973 annually. This guaranteed income can provide peace of mind and stability in retirement.

Don’t Delay

This is a once-in-a-lifetime opportunity to enhance your retirement income. With the deadline fast approaching, now is the time to act. Check your NI record, explore your options, and take the necessary steps to secure your financial future.

Your future self will thank you!

N. Goddard

6.3.25