Credit benefit that could boost some state pensions over the summer holidays
30.06.2024 - 04:23
/ manchestereveningnews.co.uk
Grandparents helping to look after their grandchildren over the summer holidays could get a significant boost to their pension credit.
Specified adult childcare credits (SACCs) were introduced in 2011 to support people's future state pension who help care for a family member's children. National Insurance credit a parent or carer who receives Child Benefit gets can be transferred weekly in the form of Class 3 National Insurance credit for each week or portion of the week that care is provided for the child.
According to figures from the Department for Work and Pensions (DWP), more than 12 million people in the UK claim state pension. However, only around 150,000 applications have been made for SACCs in the past eight years, according to data from HM Revenue and Customs (HMRC).
According to official government guidance, you may be entitled to the credits if you meet both of the following:
A full list of who qualifies as a family member can be found on GOV.UK here.
You can send in an application for the credits so long as you meet one of the following:
It's important to note that applications for SACC can only be made after October 31 of the tax year you want to claim for as checks will need to be made if the parent or main carer of the child has a qualifying year for National Insurance reasons.
Applications can be made by filling this form online which will then need to be printed and sent to HMRC through the post. Government guidance highlights that the address you will need to send the form to is included on said form.
The website popstar.one is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can
send a complaint on the news if you find it unreliable.