Martin Lewis says everyone born in these years can get £6,100 handout - but you need to act fast

Martin Lewis
-Credit:(Image: ITVX)


Martin Lewis has revealed that anyone born between certain dates could be eligible for a £5,400 government payout, but the deadline to claim is fast approaching. The money-saving guru is urging people to check their eligibility and make a claim as soon as possible.

The new state pension, introduced in 2016, applies to all men born after April 5, 1951, and women born after April 5, 1953. If you were born after these dates, you might be able to claim extra National Insurance years.

To do this, you'll need to 'buy back' any missing years from your record, which could be due to various reasons such as going abroad or not earning enough in a certain year. You can buy back missed years as far back as 2006, but this opportunity will end before April 2025.

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While it may seem like there's plenty of time with 11 months left, the process isn't quick and you may need to save up to buy the years back. Each year costs a maximum of £824 to claim back, but you'll receive about £329 back into your state pension per year, meaning you'd be 'in profit' in less than three years.

According to Martin Lewis, men who live an average lifespan could gain about £5,400 and women, due to a longer life expectancy, could gain around £6,100 through this scheme, reports the Express.

Offering advice via his MoneySavingExpert website, he said: "While many have told me it can be a pain in the bum to get to speak to someone on these lines, once they do, most say it's brilliantly helpful. Such as Tom: "A huge THANK YOU about the NI advice and phoning the pensions people. I was missing 9yrs.

"I phoned to be told all I needed to buy was 7yrs to qualify me for an extra £40/wk [so £2,000/yr]. If I hadn't phoned, I'd probably have paid the full £7,500 and lost about £1,800. I'm now looking forward to receiving the full pension."

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