Build a 35-year national insurance record
The reason why one in three people won’t even reach the minimum income level in retirement is that they don’t have a proper national insurance (NI) record. You will usually need to have 10 qualifying years to get any new state pension, and 35 to get the full amount (although it does vary). No idea if you have enough qualifying years? Go to gov.uk/check-state-pension. It will give you a forecast for how much your state pension will be, and set out your NI contributions so far. But you will need to sign in using Government Gateway, or register for it if you haven’t used it before.
Single best thing you can do
If you have any gaps in your NI record, you can plug them at a bargain price. Pay £800 now and, if you live a long time, you will get back £5,500-plus in total. If you can afford to hand over £8,000, it could be £55,000 or more.
STM Group plc (LON:STM) is a multi-jurisdictional financial services group listed on the Alternative Investment Market of the London Stock Exchange. The Group was formed as a strategic investment company specifically to build a leading financial services group originally operating in the international corporate and trustee service provider (CTSPs) sector.
