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The Martin Lewis Podcast
6mth warning! For each £825 or less you pay you could gain £5,400+ by boosting your National Insurance years.
Oct 17, 2024
Discover how you can buy voluntary National Insurance years to significantly boost your state pension. Unused household items? Join a quirky discussion about cashing in on your clutter. Learn the latest money-saving tips and strategies for maximizing your pension benefits, especially for those nearing retirement. Plus, explore the sneaky world of interest taxation and plan ahead for the festive season by securing those Christmas grocery delivery slots before they fill up!
57:06
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Quick takeaways
- Individuals under 73 should consider purchasing voluntary National Insurance years to significantly increase their state pension benefits.
- Evaluating unused household items can generate extra income, especially during the holiday season, by selling belongings that serve no purpose.
Deep dives
Maximizing National Insurance Contributions
Many individuals under the age of 73 can significantly benefit from maximizing their National Insurance (NI) contributions. This can lead to a potential gain of thousands of pounds over their lifetime. The new state pension allows individuals to buy back national insurance years, with an emphasis on taking action before the deadline. As the process may require time and effort, it is advisable to start as soon as possible to capitalize on these financial opportunities.
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Discover
highlights
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