A government scheme that allows people to pay to fill in gaps in their national insurance record and boost their state pension by thousands of pounds will end in one month
People with gaps in their state pension include mums or dads who have been out of work when raising children or caring for parents, or people who have had periods out of work A government scheme that allows people to pay to fill in gaps in their national insurance record and boost their state pension byPeople with gaps in their state pension include mums or dads who have been out of work when raising children or caring for parents, or people who have had periods out of work.
However, until 5 April this year, people are able to go much further back and fill gaps for any year from 2006-07 onwards – an extra 10 years. Someone who gets this boost for at least four years will recover their initial outlay and everything beyond that would be profit. This is until you die. For these people, although the initial payment would be £8,242 , the annual state pension boost would be around £2,750.
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