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The federal government has simply prolonged the deadline to April 2025 for individuals to high up their Nationwide Insurance coverage contributions. For many individuals approaching retirement, particularly girls, it provides a implausible alternative for them to extend their state pension by 1000’s of kilos by paying in just a few further hundred. As you possibly can think about, the demand is large, and has jammed the federal government pensions hotline. Cash Clinic host Claer Barrett speaks to Sir Steve Webb, the previous pensions minister and now a associate at consultancy Lane Clark & Peacock. He fields questions from FT readers and listeners about who ought to apply (and who mustn’t), the best way to apply, and what sort of a deal to anticipate.
The episode includes a clip from the Martin Lewis Podcast on BBC Radio 5 Reside.
Need extra?
Deadline to plug UK state pension hole prolonged till April 2025
Discover out extra about voluntary Nationwide Insurance coverage contributions
See your State Pension forecast and discover any gaps in your Nationwide Insurance coverage report
Test your State Pension age
In the event you reside or plan to retire overseas, click on right here for the the UK’s Worldwide Pension Centre
If you want to speak to Claer on a future episode, please e-mail the Cash Clinic group at cash@ft.com with a brief description of your downside, and the way you want to us to assist.
Say whats up on social media: you possibly can observe Claer on Twitter and Instagram @Claerb, and Claer’s visitor Sir Steve Webb is @stevewebb1
Offered by Claer Barrett. Produced by Laurence Knight. Our govt producer is Manuela Saragosa. Sound design is by Breen Turner, with unique music from Metaphor Music.
Learn a transcript of this episode on FT.com
View our accessibility information.
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