State pensioners urged to 'check' payments after £470million lost to National Insurance 'error'

Over the 2023/24 financial year, state pension underpayments were worth £470million while overpayments stood at £170million. The underpayment rate was down compared to the previous year, amounting to £580million for FYE 2023. According to the DWP, these errors resulted from inaccurate National Insurance records which are used to determine how much someone gets from the state pension. A worker needs to have 35 years worth of National Insurance contributions under their belt to claim the full new amount of the …