The Martin Lewis Podcast
Under 73? Turn £800 or less into £5,400 or more. The clock’s ticking… it’s all about National Insurance
May 8, 2024
Learn how to boost your state pension by buying voluntary National Insurance years. Discover tips on managing household finances and flight delay compensation. Hear about using children's savings responsibly and get insights on maximizing state pension benefits through contributions. Enjoy a humorous DJ tale mixed with discussion on flight delay compensation criteria and success stories.
57:38
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Quick takeaways
- Buying extra national insurance years can result in significant state pension boost for individuals under 73.
- Potential of increasing state pension through buying missed national insurance years for financial security in the future.
Deep dives
Buy Extra National Insurance Years for State Pension Boost
People below 73 can pay £800 or less to gain £5,500+ by buying extra national insurance years for state pension boost. Changes limit buying back years back to 2006. Online options available, crucial for under 73s.
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