For most clients, the State Pension will form an important part of their retirement income. It not only provides a weekly sum to those who qualify, it’s also guaranteed and increased by at least the rate of inflation every year.
Ensuring clients are entitled to the maximum possible amount is therefore crucial. They may not receive the full payment, for example, if there are gaps in their NI record. However, it may be possible to increase the amount they receive by making voluntary NI contributions.
Paul Squirrell, Fidelity FundsNetwork’s pension expert explains.