Grandparents across the UK could be entitled to a significant £6,600 boost to their state pension by taking advantage of National Insurance credits for childcare.
Many grandparents help out by looking after their grandchildren, allowing parents to return to work. Now, those who provide such care could benefit financially by claiming Specified Adult Childcare credits, which fill gaps in their National Insurance record.
How Does It Work?
If you’re under state pension age and care for a child under 12 while their parent or main carer returns to work, you may qualify for these credits. The credits count towards your state pension, potentially increasing your entitlement by thousands.
Who Can Apply?
- Grandparents or other family members providing childcare
- Those under state pension age
- Individuals caring for a child under 12
- Parents must be working and paying National Insurance
How Much Could You Get?
Each qualifying year adds to your state pension. Over a decade, this could mean an extra £6,600 in retirement. The exact amount depends on how many years you claim.
How to Claim
- Check eligibility on the GOV.UK website
- Complete the Specified Adult Childcare credits form
- The working parent must confirm your childcare role
- Submit the application to HMRC
Don’t miss out on this opportunity to boost your retirement income while helping your family. Claims can be backdated, so even if you’ve provided care in previous years, you may still qualify.
