IN YOUR 60s
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.
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.