[ad_1]\n<\/p>\n
Thinking ahead meant Ms Baharie was able to boost the total she might be eligible for by 60 percent, from \u00a3116 a month to \u00a3194.<\/p>\n
In order to increase her amount she did two things:<\/p>\n
Ms Baharie made the decision to pay voluntary National Insurance Contributions (NICs) after moving to Israel when she was 28-years-old, to boost her pension.<\/p>\n
She also added to her state pension by delaying taking it for a few months after she was eligible.<\/p>\n
She turned 67 in November 2020 but waited until the following April to benefit from another boost at the start of the new tax year. <\/p>\n<\/div>\n
By waiting five months, Ms Baharie boosted her pension by 2.4 percent – or just under \u00a35 a week – state pension increases every week someone decides to defer for at least nine weeks.<\/p>\n
Britons need 35 qualifying years to get the new full State Pension if they do not have a National Insurance record before April 6, 2016.<\/p>\n
They will usually need to have 10 qualifying years on their National Insurance record to get any new state pension at all.<\/p>\n
Ms Baharie told The Sun: “I didn\u2019t know how long I was going to be in Israel, so I wanted to keep contributing towards my British pension.<\/p>\n<\/div>\n
\u201cI worked as an accountant and for a union before leaving the UK, so I knew about the different classes of National Insurance and how pensions worked, which many people don\u2019t.\u201d<\/p>\n
The 68-year-old had 13.5 years of Class 1 NICs when she left the UK which meant she was already over the 10-year minimum to make her eligible for the benefit.<\/p>\n
She ended up staying in Israel for 18 years and paid Class 3 NICs for 16 of them.<\/p>\n
Ms Baharie continued: \u201cIt started at about \u00a38 a month, so \u00a396 a year, but went up annually. I must have paid about \u00a31,600 in all over 16 years.”<\/p>\n<\/div>\n
Class 1 contributions are made by individuals and their employers when working.<\/p>\n
Class 3 contributions are a voluntary payment which fills in gaps in one’s National Insurance record so that they can qualify for the State Pension or boost the amount they receive.<\/p>\n
Britons are urged to get a State Pension forecast, which will highlight any gaps in their contributions. They can do this on the government website.<\/p>\n<\/div>\n
One pensioner was able to boost her retirement income by \u00a31,014 a year by following these two steps which increased her state pension.<\/p>\n
Linda Baharie started thinking about her retirement whilst she was working which gave her the time to make necessary changes to boost her pension.<\/p>\n
The state pension is a regular payment from the government most people can claim when they reach state pension age.<\/p>\n
The state pension age in the UK is currently 66 for both men and women.<\/p>\n
Those with the full new state pension are entitled to \u00a3203.85 per week<\/p>\n<\/div>\n[ad_2]\n","protected":false},"excerpt":{"rendered":"
[ad_1] Thinking ahead meant Ms Baharie was able to boost the total she might be eligible for by 60 percent, from \u00a3116 a month to \u00a3194. In order to increase her amount she did two things: Ms Baharie made the decision to pay voluntary National Insurance Contributions (NICs) after moving to Israel when she was …<\/p>\n","protected":false},"author":1,"featured_media":13615,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"_links":{"self":[{"href":"https:\/\/farratanews.online\/wp-json\/wp\/v2\/posts\/13614"}],"collection":[{"href":"https:\/\/farratanews.online\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/farratanews.online\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/farratanews.online\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/farratanews.online\/wp-json\/wp\/v2\/comments?post=13614"}],"version-history":[{"count":0,"href":"https:\/\/farratanews.online\/wp-json\/wp\/v2\/posts\/13614\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/farratanews.online\/wp-json\/wp\/v2\/media\/13615"}],"wp:attachment":[{"href":"https:\/\/farratanews.online\/wp-json\/wp\/v2\/media?parent=13614"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/farratanews.online\/wp-json\/wp\/v2\/categories?post=13614"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/farratanews.online\/wp-json\/wp\/v2\/tags?post=13614"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}