The value of voluntary contributions will depend on a contributor’s personal circumstances and attitude to investment return and risk. Although a person may be eligible to pay voluntary contributions, it may not always make sense, since not every gap in a contribution record leads to a reduction in benefit entitlement (see ¶1020-210).

With the basic state pension worth £179.60 per week in 2021-22 (£175.50 in 2020-21) subject to pro-rata reductions for years with inadequate contribution records, the arithmetic for a single person should be fairly straightforward on one level.

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