How to turn £800 into £5,500 - Part Two
The Martin Lewis Podcast
The Pension and I Gap - What's the Difference?
David, Ruth and Julie all bought back years they didn't contribute enough to. David was one year away from having the full state pension when he made his decision. The standard price for buying a full national insurance year is 824 pounds. But there are some reasons it may vary - 20 or 30 quid cheaper if you're self-employed. And this can actually be really good for some people. They may find they can get an extra year for just 70, 80 quid which is a massive, massive impact on their returns. So I am guessing it's probably because you're topping up a partial year. Now, always do that double-checking before you make any activity.
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