not2old

for those who are already collecting any UK state pension or in due course will - Osborne the UK finance minister (chancellor) in his autumn statement

http://www.thisismoney.co.uk/money/p...e-pension.html

Anyone with half a brain know if this would work to our advanatge?

Pensioners will be given the opportunity to buy retirement income from the Government by making additional National Insurance contributions that could get them an extra £1,300-a-year on top of their state pension.

Chancellor George Osborne announced in his Autumn Statement that pensioners missing out on the flat-rate £155-a-week state pension will get the chance to boost their incomes in a six month window between October 2015 and April 2016.

Currently, the average pension income for those with basic state pension and S2P is between £130 and £135-a-week, and many people due to retire in the next few years are unhappy to be missing out on the £155-a-week new state pension being introduced in April 2016.

But pensioners will be able to close this gap by paying additional contributions, the value of which they will get back just a few years down the line.
Even those who have achieved the maximum state pension and S2P will be able to buy additional income, as will those on defined benefit pension schemes who were contracted-out of S2P, and therefore were only eligible to take the basic state pension.

More details about how it will work will be revealed in the next 18 months, but those interested in boosting their income should consider starting to save now.