Money Lesson Single

The best return in the system

Most people never look at their National Insurance record, and a gap in it quietly costs a slice of State Pension for ever. The same person, planned two ways, shows what filling the gaps is worth.

Employment ISA Savings Account Property Expenses

Buy back the missing years

2 Goals

Pay voluntary National Insurance for three of the caring years, and reach State Pension age on a full record.

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Employment ISA Savings Account Property Expenses

Leave the gaps

2 Goals

Do nothing about the record, and retire on thirty-two thirty-fifths of a State Pension for the rest of his life.

Try this plan

Buy back the missing years Leave the gaps

Filling the gaps is the difference between a full State Pension and a partial one, and it leaves Ray ~£29.1k better off.