Martin Lewis has issued a “six-month warning” to thousands of people, urging them to do the “most lucrative” thing they can do. People have until April 5, 2025, to make voluntary National Insurance contributions and maximise their State Pension. After the 5 April 2025 deadline, people will only be able to make voluntary contributions for the previous 6 tax years, in line with normal time limits.
Money Saving Expert Martin Lewis explained: “For each £825 or less you pay to buy National Insurance years, many gain £5,400, but much of it closes in April. This is your 6mth warning! For each £825 or less you pay to buy National Insurance years, many gain £5,400+, but much closes in April. It's the MOST LUCRATIVE thing many under age 73 can do, some gain £10,000s.
The process ain't quick, so check it now...
https://t.co/UbN4mYDuEh — Martin Lewis (@MartinSLewis) October 15, 2024 “It is the most lucrative thing many under the age of 73 can do, and some gain £10,000s. “The deadline is half a year away but the process isn’t quick so start now.
“While boosting your State Pension doesn’t sound sexy, this is about big money and we have had huge successes.” These are the steps Martin Lewis recommends following: Check your National Insurance record and check if you are due to get the full State Pension Can you plug any gaps in your National Insurance for free? Check if you are missing any years from 2006 to 2018 and decide if its worth buying the missing years T.