The newspapers have recently reported that you can boost your state pension income by up to £55,000 by topping up your national insurance contributions, but is this true?

The full rate of the new state pension is £185.15 per week, but you may get less than the full amount for various reasons.

You typically need 35 years of qualifying national insurance contributions to secure the full state pension. I explore the 5 key factors you need to consider when deciding if you should plug any gaps in your National Insurance record to maximise your state pension.

Get a State Pension forecast: https://www.gov.uk/checkstatepension

Call the Future Pension Centre: 0800 731 0175

Interactive Tool: A quick check of whether it’s worth paying voluntary NICs (FOR GUIDANCE ONLY): https://www.lcp.uk.com/statepensionbo...

Buy my new book: The Retirement Café Handbook – Nine Accelerators for a Successful Retirement: https://amzn.to/3Q686I8

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Everything you should know about the UK State Pension:    • Everything you should know about Stat...  
Getting your State Pension Forecast:    • Getting your State Pension Forecast a...  
How to interpret your State Pension forecast:    • How to interpret your State Pension f...  

How to reduce a potential shortfall in your State Pension entitlement:    • How to reduce a potential shortfall i...  

Thanks for checking out my You Tube channel I’m Justin King and my aim is to help people to live successful lives. That often involves understanding your money.

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If you're planning your retirement and want to make the best use of your wealth to provide for your family throughout retirement and beyond, or work out how best to pay for a loved one’s care, I may be able to help you.

As a Chartered Financial Planner at boutique retirement planning practice, MFP Wealth Management, I help successful people retire with complete confidence.

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This video is for information and entertainment only. Nothing on this channel constitutes financial advice. Please do not make any decisions based on the contents of my videos; seek professional independent financial advice first!