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The Martin Lewis Podcast cover image

Under 73? Turn £800 or less into £5,400 or more. The clock’s ticking… it’s all about National Insurance

The Martin Lewis Podcast

NOTE

National Insurance Contributions and State Pension Qualification

National Insurance contributions are mandatory even after reaching the maximum state pension threshold, as it is considered a tax on working. Despite having enough qualifying years for the full state pension, individuals must continue paying National Insurance. There are ongoing discussions about alternative ways to fund pensions separate from National Insurance. Taking responsibility for finances is important, as illustrated by a situation where a child contributed to replacing a broken tablet by using her savings.

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