Martin Lewis has issued an urgent warning to anyone planning to buy missing National Insurance years to plug gaps in their State Pension after HM Revenue and Customs (HMRC) announced earlier this week that taxpayers now have until April 5, 2025 to purchase them - at the frozen payment level.
Extending the voluntary National Insurance contributions deadline until 2025 means that people have more time to properly consider whether paying voluntary contributions is right for them and ensures no-one need miss out on the possibility of boosting their State Pension entitlements.
The consumer champion hosted a special edition of his Money Show Live on Wednesday, devoting most of the hour to State Pension payments and how to boost them.
But he urged those who have checked their State Pension forecast and identified gap years not to part with any money until they have contacted the Future Pension Centre for bespoke, one-on-one advice first - as it may not be worth it.
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