06 July 2007
An amendment to the Pensions Bill allowing people to buy back up
to nine years of "lost" national insurance contributions at
retirement has been backed by Peers.
Under the current rules, people have to buy back lost years
within six years or lose them. The Pensions Bill amendment would
mean the decision could be delayed until State Pension Age.
Buying back lost years increases an individual's Basic State
Pension.
