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The NIC trap - how to avoid a state pension shortfall | |
"It's the cornerstone of our retirement planning. Yet of the 11m people receiving a basic state pension, 3.3m don't get the full £79.60 a week.
They have not paid enough National Insurance Contributions (NICs). All too often, career breaks to bring up children, part-time work, time off for further education or periods of self- employment mean many haven't been able to pay the right kind of NICs for enough years.
It is possible to fill some of the gaps in your NIC record to boost your basic state pension. But this is often a bewildering task".
Read the full article at Thisismoney.
Posted March 21, 2005
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