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Martin Lewis' 'unbeatable' tip on how people of certain age could get ...

Martin Lewis unbeatable tip on how people of certain age could get
The Money Saving Expert has issued a warning to millions of people who may not be receiving the full state pension amount they are entitled to - and time is running out

Martin Lewis, the brains behind Money Saving Expert and a familiar face on ITV, has sounded the alarm for millions of Brits who could be overlooking a hefty increase to their state pension.

But time is ticking as there's just a window of a few months to cash in on this perk.

If your birthday falls between 1951 and 1984, you might just be in luck. Martin pointed out anyone between the ages of 40 to 73 is sitting on a "potentially unbeatable opportunity" to recoup lost National Insurance (NI) years spanning from 2006 to 2016, which may result in a handsome uplift to their future state pension payouts.

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So mark your calendars, the curtain closes on this chance on April 5, 2025.

Snapping up the missed years could see some retirees pocket up to an astonishing £50,000 extra in pension throughout their retirement. As Martin puts it: "There is a potentially unbeatable opportunity everyone aged 40 to 73(ish) needs to consider."

For those with incomplete NI records, making up for lost time could turn out to be quite the lucrative exercise, with individuals standing to bolster their pension pot by as much as £5,400 by patching up just a handful of years, reports the Manchester Evening News.

And as the days march on, it bears remembering the clock runs out on nabbing those lost NI years from 2006 to 2016 come 5 April 2025, a pivotal juncture for those in the 40 to 73-year-age bracket to beef up their state pension entitlements.

Martin is urging everyone, not just those over 40, to check their National Insurance records and fill any gaps before the deadline. By doing so, you could ensure a more substantial pension pot for when retirement eventually rolls around.

He explained: "Most collect NI years through working and paying NI, but you can also get them if you're claiming benefits or caring for others. In general, you need around 35 full NI years to get the maximum state pension, though some will need a lot more depending on your age and NI record up to now."

Martin added: "Normally you can buy back up to six years, but when the 'new' state pension was introduced, transitional arrangements were put in place to let you plug gaps all the way back to 2006. This was due to end on 5 April 2023, and then 31 July 2023, but because so many people were trying, the necessary government phone lines got clogged up. So the date has been extended to April 5 2025."

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