Money Saving Expert Martin Lewis on ‘little-known’ reason people may be missing out on up to £82k

Money Saving Expert Martin Lewis on 'little-known' reason people may be missing out on up to £82k

Money Saving Expert Martin Lewis has warned people all over the UK could be missing out on up to £82,000 – because of a little-known rule.

Speaking on his ITV programme, the Martin Lewis Money Show, he referenced the story of a woman named Gill, in her 70s.

According to Lewis, married or widowed women aged over 67 could be missing out on cash owed via their spouse’s pension.

Gill’s husband Robin owned his own business and had a substantial state pension because of his national insurance contributions.

She had a basic state pension and when her husband died she thought his pension died with him.

But Martin said this wasn’t the case.

She investigated with the pension office and they told her she had in fact been underpaid and was in fact owed the huge sum of £82,000.

Explaining the rules, Lewis said: “This applies to women and widows who hit state pension age before April 6, 2016.

“It doesn’t apply to same sex partners and civil partners.

“Under the old system women’s basic pension should be a minimum of 60% of their husbands, if it isn’t they should get it bumped up via a top up.

“Not only do you get a top up, you can also backdate it.

“Backdating depends if your husband turned 65 before 17 March 2008, if they did you needed to ask for a top up and the maximum you can backdate it is a year.

“If they didn’t it should have been automatic but the system glitched meaning many people didn’t get it, in that case you can backdate it many years, which is how Gill got such a large sum.”

He added it could be tricky to work out, so encouraged people to go online or to contact the pension office to see if they were eligible for a back payment and weren’t getting what they were entitled to.

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