Martin Lewis explains state pension rule millions may not know which 'could unlock £68 a week'

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Martin Lewis explains state pension rule millions may not know which 'could unlock £68 a week'.

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Millions of people across the UK may be missing out on a £68.90‑a‑week uplift to their retirement income because they have not built up sufficient National Insurance contributions, Martin Lewis has warned.The Money Saving Expert founder raised the issue on his podcast after responding to a listener whose relative was nearing their 40s without having worked, claimed benefits or accrued National Insurance credits.Mr Lewis said many people misunderstand how the state pension system works, with a widespread belief that exactly 35 qualifying years are required to receive the full new state pension.

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He said the reality is more nuanced, describing the system as having a "hard bottom and a soft top".

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TRENDING Stories Videos Your Say "The bottom is a hard bottom," he said.

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"To get any state pension you need 10 years of National Insurance credits."Above that, he explained, the number of years needed for the full amount "is more for some people, less for others".He added that the commonly quoted...

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