Lorraine from Coventry has received a cash boost (Image: ITV)
A pensioner has told of how she boosted her pot by £908 a year by following advice. The money saving expert has urged people to check and pay for missing National Insurance (NI) contributions going back to 2006 in order to provide themselves with a larger income. However, people need to act quickly, as has said that this will not be possible from April 5.
During this week’s programme on ITV, Martin said he wanted to “explain how important” it is to pay for the missing NI and how beneficial it can be. Before showing a short clip featuring a pensioner who followed his advice, Martin said he was hoping her example would “whet your appetite”. The video started with retired couple Martin and Lorraine from Coventry stroking their rabbit, Toffee.
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Lorraine decided to pay HMRC a sum of money that means her pot will be boosted (Image: ITV)
Lorraine then explained how she “didn’t have a clue” as to how to boost her , and she would not have done it if she had not seen it on Mr Lewis’ show.
She said: “Straight after that, I thought, ‘Right, I’m phoning up straight away tomorrow.’ With the help of Martin, my Martin, I phoned up the .”
Martin added: “We had to wait for a letter to come from the showing all the years that were owed towards getting a full .
“Once we got that, then it was a quick phone call to . said that we could pay for part years, so that they would become full years. The total for the three-part years came to £1,836 and a few pence.
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Lorraine followed advice from Martin Lewis (Image: Getty)
“And we said like, ‘We’re going to pay the money now in full, giving her the full .’”
Lorraine then explained that the value added to her pension was £17.47 per week, which “doesn’t seem a lot”.
But she pointed out that, over a year, that’s £908, and, over 10 years, more than £9,000.
20 years sees more than £18,000 extra. “That’s a lot of money,” Lorraine said.
“It means a great deal, especially with the . It’s really good. I’m so pleased I done it.”