Martin Lewis outlines UK pension rules to boost retirement income

Consumer‑finance presenter Martin Lewis explained on his BBC podcast that eligibility for any UK state pension requires a minimum of 10 years of National Insurance (NI) contributions, while a full new state pension normally needs around 35 years. He said people can purchase up to six missing NI years, noting that adding a single year can raise weekly payments by £68.90 (about £3,582 a year) and may quickly repay the cost.

Lewis also highlighted a little‑known allowance that lets non‑taxpayers contribute £2,880 a year to a private pension and receive 20 % tax relief, effectively adding £720 for a total £3,600 contribution. The rule can be used for children, grandchildren or other relatives, and early contributions benefit from long‑term compound growth. He added that low‑income retirees who do not meet the NI threshold can apply for Pension Credit to top up their income.