Chance to increase state pension through top-up scheme.
The state pension top-up scheme class 3A National Insurance contributions opened on 12 October. It offers men aged 65 or older and women aged 63 or older the chance to increase their state pension by up to £25 a week.
It is open to anyone who reaches state pension age before 6 April 2016 in recognition of the fact that they will be ineligible for the new state pension which launches on that date.
The cost of the top-up is based on a person’s age and takes into account average life expectancy. For a 65-year-old an extra £10 of pension a week will cost £8 900 whereas for a 75-year-old the contribution rate for the same amount of pension is £6 740.
The scheme will remain open until 5...
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Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.