Pensions  

LCP launches state pension NICs calculation tool

Two groups for whom top-ups may be of particular interest are early-retired public servants, who have been members of a ‘contracted out’ occupational pension scheme and the self-employed, who may have gaps in their NI record and may be able to go back to any year since 2006/07 to top it up.

According to a Freedom of Information request by LCP, the Department for Work and Pensions had a series of state pension errors, prior to the current large-scale correction exercise.

In April, the FOI revealed that the errors range from those affecting a handful of people to multi-million pound blunders, with several not previously been made public.

A month prior, DWP published its latest progress on these state pension underpayments which Webb said was “way behind schedule”.

sonia.rach@ft.com

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