Martin Lewis helps woman boost pension by £118,000

Money expert Martin Lewis is advising people aged 40 to 73 to check their National Insurance records. He has highlighted the importance of buying back any missing years before a deadline in April. This is particularly crucial for those nearing retirement. During his recent show, Martin shared a success story of a woman named Tracey. She followed his advice and paid for 18 years of missing Class 2 National Insurance contributions. This cost her nearly £3,000 but significantly boosted her state pension. Her weekly payout increased from £69.62 to £183.28. This change could lead to an additional £5,915.52 a year for her. If she lives for another 20 years, she could receive over £118,000 extra in her pension. Martin stressed that anyone in the target age range should check their records right away. There are currently 13 years available to buy back, but they will no longer be accessible after April. Martin's show episodes, which provide more information on this topic, are available on ITVX.