The government warns that people who contracted out may see their new state pension payments be lower than that of people who chose not to contract out.

Fortunately, people in these circumstances may be able to increase their state pension payments by making voluntary National Insurance contributions.

Voluntary National Insurance contributions can fill gaps in a person’s record and they’re made through either class two or class three contributions.

If a person decides to make voluntary contributions, they will be charged a rate of either £3.05 a week for class two or £15.30 a week for class three.

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