Brits left with only 3 months to claim tens of thousands of pounds for state pension

Millions of households in the United Kingdom have only three months to check and collect tens of thousands of pounds in additional state pension.

Last month, the government extended the deadline for Britons to fill gaps in their national insurance contributions in order to increase state pension benefits.

The extension was necessary because to government phone bills becoming clogged as a result of people attempting to top up their payments but being unable to do so.

Martin Lewis, a financial expert, has now cautioned consumers not to wait until the deadline in case the same thing happens again.

“A special deadline for people to backfill gaps from 2006 to 2016 was due to end with the last tax year on April 5,” he wrote in this week’s MoneySavingExpert newsletter.

“But so many struggled to get through to jammed government phone lines that it’s been extended till July 31.

“Yet don’t leave it till then, as there’ll likely be the same problem.

“So… if you’re 45 to 70, you should be checking ASAP if you need to do this. It’s not quick, but it can be immensely lucrative.”

Unemployed, low-income, or self-employed people frequently have gaps in their national insurance record.

People must have contributed for 35 years to be eligible for the full state pension, which is presently £203.85 a week. Households previously had until April 5 to backdate any missed payments dating back to 2006. After this date, they could only backdate payments for up to six years.

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This deadline has now been pushed back to July 31, 2023, giving you slightly more than three months to take advantage of the scheme. 

The project is only available to persons who reached or will soon reach the state pension age after April 5, 2016.

Earning back years will need voluntary contributions of £17.45 every missing week, for a total cost of £907.40 to purchase one year of contributions.