The consumer champion warns that millions of people are missing out on full payments worth £221.20 each week.
Martin Lewis is urging people on the New State Pension - and those due to retire - to make sure they are receiving the maximum weekly amount of £221.20. The money expert has warned millions of people are missing out on the full payment in retirement and running out of time to boost their retirement income by more than £5,400.
It’s important to be aware that his steps will only apply to those claiming, or due to claim the New State Pension - men born after April 5, 1951 and women after April 5, 1953. The checks should also only be made by those aged 73 or under. Martin explained: “This is about the fact that each £800 or less you pay you could gain £5,400 or more.”
Check 2: Check your State Pension forecast You can check your State Pension entitlement on the ‘Check your State Pension forecast’ page on the GOV.UK website here. It is, however, really important to check that it is worth your while paying for these credits so always check with DWP before doing so.Martin explained that the most that you will pay for a missing year is £824, but it could boost your retirement income by over £5,400.
State Pension Retirement Personal Finance Pensions UK Government Child Benefits HMRC DWP Benefits
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