Martin Lewis has shared some of his top shopping hacks ahead of Black Friday and the Christmas sales.
28.10.2022 - 14:49 / dailyrecord.co.uk
Martin Lewis has sent an urgent warning to anyone aged between 45-70 who pay into a state pension, as they could miss out on a potential boost worth thousands of pounds.
The financial guru recently shared a little known trick that could add over £5,000 to your pension pot - but he has urged anyone who will be receiving a state pension to act fast.
Taking to his Martin Lewis Money Show Live, the money-saving expert explained that the national insurance perk depends on how many payments you have contributed. He then explained that anyone who has paid the maximum amount will see the biggest boost when they retire.
The reason that some people may fall short for the national insurance perk could be for various reasons, including not paying in full amounts due to low income, or even moving abroad. However, there is a way to fix this, but Martin has urged those to act fast as the perk will end on April 2023.
Martin said: "If you're aged 45 to 70 you need to check ASAP if you can boost your state pension. The state pension that you get is based on the number of National Insurance years you have. To get the full state pension you need 35 years ish.
To help his viewers double check their contributions, the money-saving expert founder then directed them to the Gov.uk website where they can check their pension forecast and national insurance record.
The financial guru said anyone with a year shortfall can 'buy more' back to 2006. He says you must decide this by the end of the financial year - or lose it, reports YorkshireLive.
He added: "The younger you are the more time you have to plug gaps. It's worth having a look if you're that age."
Buying a voluntary year of national insurance will cost around £800, but it will add on an
Martin Lewis has shared some of his top shopping hacks ahead of Black Friday and the Christmas sales.
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Martin Lewis has felt forced to delete a story he shared about his nine-year-old daughter after he was targeted by 'horrible' trolls. In a now-deleted tweet, the Money Saving Expert founder took to the social media platform on Wednesday (October 19), to recall a sweet conversation he had with his young daughter Sapphire about politics.
Martin Lewis has deleted a sweet tweet he shared about his nine year old daughter, after trolls accused him of “lying”.The 50 year old presenter had posted a touching anecdote about his little girl Sapphire, nine, involving a conversation he’d had with her about politics. Martin had asked his daughter a question on the subject and was “blown away” by her impressive answer, as he shared it with his Twitter followers.
Martin Lewis has provided clarification on who will receive money from the Department of Work and Pensions (DWP) and what to do if you have not yet received money you're owed.
Martin Lewis and Angelica Bell returned for a new series of Money Show Live this week and jumped straight into cost of living issues affecting millions of households across the country. The duo started by helping people understand changes coming next April once the UK Government withdraws its £2,500 Energy Price Guarantee when gas and electricity bills are already being forecast to hit £4,350.
Martin Lewis has been a cost of living crisis expert for those who have been left confused about changes in bills.The money saving expert, 50, was back on TV on Tuesday in the next series of his Money Show Live on ITV and dedicated the first part of the show to answering questions about energy bills. During the show Martin explained three reasons why energy bills could be wrong, and what to do about them. One viewer emailed in to query why her energy bill had risen from £49 to £123 as she wrote: “I have just received my new monthly direct debit from my energy provider and it has gone from £49 to £123 from September and then £181 per month from October 28.
Martin Lewis has issued a warning as the energy price cap is predicted to rise above £4,000 next year. The cap, which regulates the amount that 24 million households pay for their gas and electricity, was replaced by the government's Energy Price Guarantee in October.
Martin Lewis has called on “somebody to get a grip on the economy” as he won the expert award at the National Television Awards.
Good Morning Britain 's Martin Lewis is "taking a long break" from his slot on the show, but he's set to make a return later on this year. The 50 year old money-saving expert is revered for his advice on how to make your money go further, and his Martin's Money Mondays slot on GMB was popular with the morning show's viewers as he grilled government ministers with the questions the public wanted to know. According to The Sun, Martin is set to take some time away from the show to turn his attentions to the return of ITV's The Martin Lewis Money Show Live, which will be on-screen at 8pm Tuesday, October 18 on ITV.