Money Saving Expert says people aged 43 to 70 can turn £800 into £5,500

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Money Saving Expert says people aged 43 to 70 can turn £800 into £5,500
Martin LewisPensionsState Pension
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The MoneySavingExpert.com team has shared a tip on how to boost your state pension

Martin Lewis ' Money SavingExpert.com team is advising individuals between the ages of 43 and 70 to explore the potential of transforming £800 into a whopping £5,500 for their retirement.

Luckily, any deficiencies in your record can be examined for free, and if detected, the missing years can be bought back going as far as 2006. However, time is ticking, with the deadline set for April 2025, The MSE website says the tip is a "potentially unbeatable opportunity" for people aged 40 to 73 with some Brits boosting their state pension by over £50,000. The MSE team explained how a full voluntary National Insurance year costs roughly £800 but could add up to an extra £275 each year to your state pension.

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