The Autumn Statement included plans to let pensioners increase their state pension. Is it worth it?
If you’ve retired or will reach state pension age by 2016, you can buy extra National Insurance
If you’ve already retired or you will reach state pension age before April 5th 2016, you can buy extra state pension, under plans announced by the chancellor in the Autumn Statement. The new scheme will let you buy extra ‘additional’ state pension – the part of the state pension that you receive on top of your basic state pension. The scheme will be introduced in October 2015.
Fewer than half of women currently retire on a full basic state pension.
Official figures show that women rely on the state pension more than men, but receive less.
There are five million men and over seven million women over state pension age in the UK at the moment. Official figures from the Office for National Statistics show that fewer women than men receive the full basic state pension, but far more women than men rely on it when they retire. I’ve written dozens of articles about women and state pensions, but some of the statistics released today are pretty shocking.
Claiming your basic state pension on your ex husband’s National Insurance record
If you’re divorced or your civil partnership has dissolved, you may be able to claim a higher state pension
If you haven't built up much of a state pension in your own right and you're divorced or your civil partnership has broken down, you can claim a basic state pension on your ex's National Insurance record. How do you go about it and when can't you claim?