How to increase your state pension by £4,000 and why you should do it before 5 ...

Could you be missing out on £4,000 from your state pension fund?

If you have holes in your national insurance record you could boost your pension by the up to the large sum.

To do this you have to make national insurance payments?

What does this all mean and how does it work?

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State pension: Increase how much you will get by £4,000 by doing this

What are voluntary national insurance payments?

People who are working pay national insurance automatically.

However, you can choose to pay more, to plug holes in your record.

The amount of state pension you are paid depends on the number of qualifying years you have paid in.

Making voluntary payments for the years you have missed can increase what you will be paid greatly.

The amount it will cost for each tax year is set to increase.

As of 5 April 2019 it will cost £639.50 more to pay national insurance for all years between 2006 and 2016.

State pensionState pension: Increase how much you will get by £4,000 by doing

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