Martin Lewis is on a bit of a campaign at the moment about pension credits. He said that while a full year's credit's payback time can be 3 years - asking about which partial years are fillable could be lucrative as it as an all or nothing - so sometimes paying £16 for a week could complete a year.
They are currently in an interim period, that ends next year, where you van pay for additional contributions for up to the last 16 years but that drops to 6 years next year.
Might be worth looking into it and getting some advice etc.
He discussed this on his podcast this week - I'[ve included the details below.
Partial pension years
Martin Lewis is on a bit of a campaign at the moment about pension credits. He said that while a full year's credit's payback time can be 3 years - asking about which partial years are fillable could be lucrative as it as an all or nothing - so sometimes paying £16 for a week could complete a year.
They are currently in an interim period, that ends next year, where you van pay for additional contributions for up to the last 16 years but that drops to 6 years next year.
Might be worth looking into it and getting some advice etc.
He discussed this on his podcast this week - I'[ve included the details below.
https://www.bbc.co.uk/sounds/play/p0jyhlyt