State Pension warning as Brits told to act now or miss out on full amount

People are being warned to act swiftly to secure their full State Pension amount, as a new alert has been issued. With less than a year remaining, individuals are urged to check their entitlement and address any National Insurance contribution gaps.

Personal Finance Analyst Alice Haine from Bestinvest by Evelyn Partners advises: "Checking your tax account for any gaps in your National Insurance record quickly identifies whether you have enough qualifying years to receive a full State Pension a valuable source of income considering the full New State Pension rose by 8.5 per cent earlier this month and is now worth £11,502 a year.

The record also lists the number of years with full NI contributions and the years where you may not have contributed enough. These are marked as 'year is not full' with guidance on how to fill them, which includes how much to pay in voluntary contributions. Ms Haine said: "Whether someone needs to top up depends on how many more years they plan to work, as they may or may not have enough time to make up the shortfall, or whether they are eligible for NI tax credits, which fill the gaps, such as those who are sick, were unemployed or took time out to raise a family or care for elderly relations."

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