“However, for those people that think they might have a gap in their National Insurance record, making a Class 3 National Insurance contributions can be a very valuable investment if you can find the money.
“In fact, someone with ten missing years could pay a little over £8,000 to fix the gaps and boost their state pension income by £55,000 over a typical 20-year retirement.
“If you have one or two years missing, then this might only cost you in the region of £1,400 but within just a few years of retirement you’d make your money back and more.”
Mr Greer described this as a “golden opportunity” for people who are keen to boost their state pension.
READ MORE: HSBC announces increase to interest rate across its savings accounts
