Good Morning Good Friday 29th March 2024
How do you acknowledge Easter.
Is anyone interested in the terror attack in Moscow?
Exploratory Essay Help: Navigating the Uncharted Territory of Writing
As of October 2014, if you were a man aged 64 or older or a woman aged 62 or older and you reached the State Pension age before 6 April 2016, you would be able to increase your State Pension by up to £25 per week by making a lump sum contribution.
The scheme remained open for 18 months and gave people the chance to obtain inflation-proofed additional State Pension worth up to £1,300 a year.
With the help of the Department for Work and Pensions, we bring you the answers to those all-important questions on State Pension top up.
How much a person needed to contribute depended on two things:
Spouses or civil partners can, in most cases, inherit between 50% and 100% of a top up should their partner die before them. State Pension top up is inherited under the same rules as additional State Pension. For more information on inheriting additional State Pension click here.
The State Pension top up is not necessarily right for everyone - it really depends on individual circumstances:
Making a State Pension top up contribution could affect any income-related benefits a person is receiving (for example, Pension Credit). For more information on this, click here.
It may not be suitable for those who are in poor health or with lower life expectancy.
For general information, visit the main webpage for State Pension top up here.
To register for email updates on State Pension top up, send an email to: [email protected]
Other things you might like:
Image: Shutterstock