Charity issues urgent warning to women with Basic State Pension

Independent Age has unveiled a new State Pension factsheet, aimed at providing crucial information for those already receiving the weekly benefit of up to £221.20 or approaching retirement age. The comprehensive guide details everything from the differences between New and Basic State Pensions, claiming procedures, deferral options, calculation methods, and potential tax obligations.

The factsheet also addresses the issue of historical underpayments, advising individuals on the Basic State Pension who believe they may have missed out on National Insurance 'top-ups' to get in touch with the Pension Service for a recalculation, reports the Daily Record. A survey by Independent Age revealed that 41% of over-50s are worried about their financial situation post-retirement, with nearly half uncertain about the financial support available to them, including State Pension.

The guidance from Independent Age highlights: "If you qualify for basic State Pension and can claim State Pension 'top-ups', these are usually calculated for you. But some people - particularly women who paid reduced NI rates - may have had their State Pension miscalculated and underpaid.

"If you think this affects you, contact the Pension Service to ask them to recalculate your State Pension. You can do this whether you're claiming or delaying your State Pension. You can also contact our helpline to arrange to speak to an adviser."

The full State Pension help guide can be found on the Independent Age website here. You can also call them directly on 0800 319 6789.

In 2020, the DWP became aware of a number of individuals who had not had their State Pension increased, in accordance with the law, automatically when this should have occurred. This prompted the