Money Expert Martin Lewis Reveals Top Tips on Maximising Your State Pension | This Morning

Whether you need help getting money back from your energy supplier, or advice regarding maintenance loans, our money man Martin Lewis is back to take your calls.
Broadcast on 09/05/2023
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[@simongee8928]

A grand way of improving your state pension is, if you can, is to carry on working beyond your pension qualifying age. I did another five years and it's made a credible improvement on my pension.

[@charlieritchie5980]

Just tell the truth. You need to eat less, stay in bed and switch off heating, watch less TV, forget about the odd day out, no glass of beer or nip of whiskey, try to avoid hospital as you will die in a corridor. If you can do this then you will be fine and living the good life.

[@cheryl3898]

What about Wise? I use that when I’m abroad.

[@davefish8107]

We had a 10.1% pension rise recently and that made my tax code change from 4000L to 10L, so any gains I would have had from my state pension is now paid back in tax . My private pension is only £4500 a year, so just a top up fund. This was a private pension that I have paid into for 30 years with my own money that I had earned after paying tax , absolutely disgusting

[@johndyda5673]

I get a full pension because I've worked all my life. However people who can claim pension credits (even if they haven't worked at all) can get free council tax which I cannot. All in all they are better off than me and I have to work part time otherwise I wouldn't have enough to live on. Bloody disgrace!

[@shaunhennessy603]

This country rewards dossers. Gotta play the game!

[@dollydaydream5839]

Same with me and my hubby!! No rewards for working your whole life and paying your dues!! My husband has never been out of work or been off sick so no benefits claimed ever !!!

[@makhtar3390]

Same here, I started work at the age of 16 just retired age 66. Have to pay council tax and dental costs etc... Total disgrace!

[@neo433]

And some people can pay to top it but never get anything as they die before 67. You need to give both sides

[@italianstallion9170]

boils down to working your behind off till legal age to retire and pay NI contributions non stop!

[@Ben_Chode_420]

A slightly different issue I just realized in my Account. I am theoretically 1 year short in getting the full state pension since I am a foreigner who came to the UK 10 years ago and I am 43 years old. The issue is my date of birth which falls in February 1980. In theory I will be 68 before completing the Financial Year in 2047/48. Should I top up this 1 year or else? Theoretically I will be getting the full state pension only 2 months after my 68th birthday in 2048 (February vs April). Am I correct in thinking that? Thanks

[@philipernestholmes7200]

Good to see Phil again

[@brianbrady5238]

That Phil gives me the creeps

[@evelynwoolston7]

Please can you cover the latest Tory care home plans. Myth 1: if you've savings less than a certain sum, social services will pay for your care even if you own a home. Fact. They give you an equity release loan which charges interest & must be repayed with the sale of your house on death. Their loan is £200 a month short of the cost of any care home. Myth 2. Care home costs will be capped at £85,000. Fact. This is just the care cost, not the cost of accommodation, food & electricity.

[@samjudge1240]

Here's a thought, if people are too dependent on spending and many can't even make a saving account themselves for the future, what good it be for asking the government to pay for you, when that money is from taxpayer? This is just a no brainer why uk is poor.

[@barriespencer6336]

Saving money in the bank will not make you ritch investing long term with compounding interest makes real riches

[@Pirate.230]

Makes you sometimes wonder who ML works for, I've worked all my life and receive a full state pension, my mate Sid worked overseas for many years, so his credits were low, he receives a benefit top up, that top up takes his state pension to around £7 more than I receive plus he gets free eye and dental treatments I have to pay for those, my advice for what its worth to anyone who is short on credits is do not follow ML advice and claim the top-up benefit you'll be far, far better off.

[@Mojothepyrut]

Toi random

[@leewilliamholmes]

what does this guy know hes loaded making money on all this he is

[@brianfreeman8290]

Holly and Philip are national treasures. Please do not close their programme.

[@user-jt5xt2lk1p]

That ship has sailed!