Helping business owners to plan for retirement through specialist pensions, investment & auto-enrolment advice
Did you know you can make voluntary contributions to boost your UK State Pension? 💼 An insightful article from St. James's Place breaks down how voluntary National Insurance contributions work and the potential benefits. This could be a smart move for those nearing retirement age with gaps in their NI record. But, like any financial decision, it's important to weigh up the pros and cons. 🤔 St. James's Place highlights the factors you need to consider before making this decision. Read the full article to learn more: https://ow.ly/aVXJ50SmmgU
To get the full State Pension, you now need 35 qualifying years of NICs. If you’ve got between 10 and 35, you’ll get a pro rata amount, but if you’ve got less than 10, you won’t be eligible for any State Pension. Making a voluntary contribution to your State Pension pot could be an efficient way to put money towards your retirement, but it’s important to consider all the implications: https://ow.ly/aVXJ50SmmgU #RetirementPlanning
