麻豆约拍

Many people in their late fifties or early sixties could boost their state pension by making sure that full national insurance contributions are made in the years before they reach state pension age.

The people affected are those whose state pension will be reduced because they paid into a good pension at work. But that reduction can be got rid of bit by bit for every full year of contributions from 2016/17. That can be through working or getting credits. But many others may not realise they can make a one off payment of 拢740 and earn an extra 拢244 on their pension every year.

Other groups can pay also contributions to fill gaps in their record but the rules for them can be even more complicated.

Steve Webb former pensions minister - who invented the new state pension - and is now Director of Policy at Royal London talks with Paul Lewis