Firstly, the state pension can provide a valuable safety net for many people who have built up National Insurance contributions throughout their lifetime.
Nonetheless, the government website has stated it is important to note: “You may get less than the new full state pension if you were contracted out before April 6, 2016.”
For those who wish to understand their state pension entitlement further, a forecast is likely to be a suitable solution.
This can be accessed through the government’s online portal, which allows Britons to find out how much they could receive, when, and how people could potentially increase the sum if possible.
Published at Sun, 06 Dec 2020 12:19:00 +0000