IN YOUR 60s

YOURS (UK) - - Good To Know -

Start ac­tively plan­ning re­tire­ment

Con­sider pay­ing vol­un­tary Na­tional In­surance Con­tri­bu­tions to boost your State Pen­sion if you have any NI gaps. One year of vol­un­tary NICs costs £741 (in cur­rent tax year 2017/18) and could buy you an ex­tra 1/35th of a pen­sion – giv­ing you an ex­tra £237 per year.

Con­sider de­fer­ring

State pen­sions are in­creased by 1% for ev­ery nine weeks you de­fer, or by 5.8% for a full year. If you’re en­ti­tled to the cur­rent full an­nual State Pen­sion of £8,296.60 you’ll get an ex­tra £479 a year.

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