HMRC blunder could rob millions of state pension

Laura Miller
clock

Millions risk losing out on their state pension because they have not been credited with paying £1.2bn in National Insurance (NI).

  Figures seen by the Daily Mail suggest that between 2004 and 2009 some 9.3 million NI payments have not been matched to worker records.  The scandal is the latest to involve HMRC, following last year's crisis which left millions paying the wrong amount in tax. These latest mistakes could jeopardise victims' right to claim a full basic state pension, currently £97.65 a week, which is available only to those who have paid NI for at least 30 years. Particularly at risk is anyone who retired before last April. At that time only those with 44 years of contributions could claim a ful...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on uncategorised

Two including former police officer charged in connection with £720,000 investment fraud

Two including former police officer charged in connection with £720,000 investment fraud

Due to appear at Westminster Magistrates’ Court

Sophia Panayi
clock 04 June 2026 • 1 min read
Last chance: MPS conference to explore different approaches in shifting landscape

Last chance: MPS conference to explore different approaches in shifting landscape

Takes place in London tomorrow

Professional Adviser
clock 01 June 2026 • 1 min read
Women in Financial Advice Awards 2026: Nominations close today!

Women in Financial Advice Awards 2026: Nominations close today!

Awards to be held at Hilton Bankside in London

Professional Adviser
clock 08 May 2026 • 1 min read