Should you buy an extra year of state pension?

Описание: Everyone in the UK gets the State Pension.

But not everyone gets the full amount, notably, anyone who has made National Insurance contributions for less than 35 years.

In this video, I outline the pros and cons of buying an extra year of State Pension and how a variety of factors can and should impact your decision to do so.

Intro (00:00)
1: Importance of the State Pension (00:05)
2: Checking Your State Pension Amount (00:43)
3: National Insurance Contributions (01:26)
4: Considering Your Working Years (02:30)
5: Unique Opportunity for Back Contributions (03:00)
6: Is It Worth Buying Extra Years? (04:05)
Outro (05:12)

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This content is for educational and entertainment purposes only. Adam does not provide tax or investment advice. The information provided does not take into consideration the investment objectives, risk tolerance, or financial circumstances of any investor specifically and might not be suitable for all everyone.

Please remember the value of investments, and any income from them, can fall as well as rise so you could get back less than you invest.