State pension entitlement: New online tool shows if you could boost retirement sum

State pension payments are often the bedrock of retirement, and many will want to get the maximum amount possible. The amount of state pension a person receives depends on their record of National Insurance contributions.

At present, the new state pension is worth £185.15 per week, typically for those with 35 years or more of eligible contributions. 

Some may get less than the full sum if they were contracted out before April 6, 2016.

However, to determine whether it is possible to boost one’s state pension, a useful tool has been developed.

It has been launched by former pensions minister Sir Steve Webb, who is well known for drawing attention to a wide range of state pension and retirement issues.

READ MORE: Retirement and me: Couple explain how they retired at 35 and 40

Topping up a state pension will be the right decision for some, but not appropriate for others. 

Consequently, Britons may wish to take the results from the tool to a professional adviser if they wish to gain further guidance.

Individuals can check their state pension forecast online, considered the “quickest way” to do so.

Other ways to apply include filling in a BR19 application form and sending it by post, or calling the Future Pension Centre. 

Stay connected with us on social media platform for instant update click here to join our  Twitter, & Facebook

We are now on Telegram. Click here to join our channel (@TechiUpdate) and stay updated with the latest Technology headlines.

For all the latest Business News Click Here 

 For the latest news and updates, follow us on Google News

Read original article here

Denial of responsibility! TechAzi is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More