Grandparents could be missing out on state pension credits for helping with childcare

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Grandparents could be missing out on state pension credits for helping with childcare



PEOPLE who care for grandkids could be missing out on state pension credits.
Some 10,084 applications for “specified adult childcare credits” were approved in 2017-18 — up from 1,298 in 2015-16.
Getty – Contributor There has been a small increase in grandparents claiming childcare credits
Any family member looking after an under-12 while their parents are at work is eligible.
The credits boost their National Insurance record if they are under state retirement age which can help build a full pension.
Royal London, which obtained the figures, said: “The numbers benefitting are a drop in the ocean out of those who could.”
Someone who claims these credits for a year could potentially add an extra £250 annually to their pension.
It is estimated there are more than seven million grandparents in Britain.
Getty – Contributor Millions could be missing out on the scheme
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