State pension NI top-up scheme open for 18 months

The government has released details of a new scheme to help individuals reaching state pension age before 6 April 2016 to top up contributions to protect their long-term financial security which is open for the final years before retirement, although care needs to be taken to ensure that NI top-ups are worthwhile

State pension top up can give pensioners an extra £1 to £25 a week in exchange for a lump sum payment. It is being introduced as an option for existing pensioners to increase their state pensions, ahead of the introduction of the new state pension in April 2016.

People are eligible if they are entitled to a UK state pension and have already reached their state pension age or reach it before 6 April 2016. This includes men born before 6 April 1951 and women born before 6 April 1953.

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