Pension changes coming in 2023 (1/4)
The new year will see several changes affecting pensioners.
Firstly, the deadline to make any voluntary contribution to make up for gaps between April 6, 2006, and April 5, 2016 is April 5, 2023.
To receive a State Pension, you need to have at least 10 years of National Insurance contribution.
To receive the maximum amount of £185.15, you will need 35 years of recorded NICs.
Check on the government website whether you have paid enough National Insurance to receive a full pension when you turn 66.
Those who retired after April 6, 2016, will be receiving £203.85 as the amount rose in line with inflation.
Meanwhile, those who retired before this date make part of the old state pension and their amount will rise from £141.85 to £156.20.
This post first appeared on thesun.co.uk
