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Pensions Might be Affected for Millions by Another Taxman Problem

10/02/2011
Right Equity Release

It was recently reported in the National press that up to 2 million individuals may miss out on their state pensions as over a period of 5 years 9.3million NI payments were not matched to worker records.

In order to qualify for a state pension, an individual must have paid national insurance for a period of 30 years.  Individuals that were not matched over this period of 5 years are at risk of losing out on this pension pot if it appears to the government that they are a few years short of the minimum 30 years, even though they did in fact make these contributions.

People who are impacted by this shortfall will have to provide proof of payment, in the form of old payslips or by contacting their former employers to provide this evidence.

Homeowners aged over 55 years who are concerned about their pension and would like to know how much money the value of their property could release to help, can find out by contacting therightequityrelease.co.uk for equity release advice.
 
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