New HMRC and DWP service could help 20 million 'boost' retirement cash

HM Revenue and Customs has launched a new service with the Department for Work and Pensions today, which should help make it easier for more than 20 million workers to retire comfortably.

To get the full State Pension worth around £221 every week, workers need to have around 35 years of payments on their NI record, which is reduced to £169 per week for those with only 10 years of contributions. The new Check Your State Pension tool allows workers to see what they will get based on their current contributions, and see if it is worth filling in any gaps in their record.

Nigel Huddleston, Financial Secretary to the Treasury, said: "Having peace of mind when planning for retirement is crucial to ensure people can enjoy later life. That’s why HMRC has launched this new online service today, making a real difference for thousands of pensioners in their retirement while providing certainty to those in their middle years and those still planning ahead."

Minister for Pensions, Paul Maynard, said: "The State Pension is the foundation of income in retirement, which is why we have introduced this new online tool to help simplify boosting it for those who are able to.

HMRC State Pension Your Money

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