70,000 could benefit from pensions back-payments

OLDHAMERS who have reached, or will reach, state pension age between April, 2008, and April, 2011, and do not get a full basic pension can increase their payment and get it back-dated.

That is if they buy back National Insurance contributions in the next two months.

The special offer allows this group of around 70,000, mainly women, to buy back up to six years of voluntary contributions as far back as 1975.

Pensions Minister Steve Webb said: “We know that many women didn’t benefit from the reduction in the number of qualifying years of National Insurance contributions needed to get a full basic state pension and many have gaps to fill.

“Thousands could benefit from receiving back-payments on top of a pension boost for life which could cover up-front costs of buying contributions.

“The chance to take advantage of this offer will end on April 5, so it’s important people act quickly.”

It will still be possible to fill gaps in National Insurance records when this offer expires but the voluntary contributions won’t be back-dated.

To be eligible, individuals must already have at least 20 qualifying years, which can include full years of Home Responsibilities Protection.

Visit www.direct.gov.uk  or call 0845-604 2931 for further information.