£275? 24 February at 11:09AM in Pensions, annuities & retirement planning 2 replies 369 views

Madmart100

On Martin’s TV show and web page concerning Voluntary National Insurance Contributions he quotes-for every £800 per year payment you receive £275 per year. This would put my monthly pension income over the full pension amount? Is the £275 an arbitrary  amount?

Dazed_and_C0nfused

No, it's £5.29/week (x 52 = £275.08).

But most people cannot exceed £185.15/week so the final year might only add a penny.

Simon11

There are lots of butts and ifs. Only need to do this if you have a gap in your NI and aren't able to fill all your NI years by the time you retire at the statement pension age.