Workers urged to boost state pension at 'bargain-basement' rates
People who have been told they don't qualify for the full new state pension of £155.65 a week have been urged to take advantage of a loophole by Steve Webb, who is now director of policy at pension provider Royal London.
Using the method, state-pension payouts can be increased by £230 a year of the rest of a retiree's life - working out at an average £4,600 extra - for an upfront price of around £733.
Around half a million workers who opted out of national insurance contributions (NIC) during the course of their career could benefit, according to estimates by the firm.
Many of these people... read more
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