Grandparents who provided care remotely during the pandemic can also claim the retirement boost.
Grandparents providing care during the October school holidays for children under the age of 12 may be able to boost State Pension payments by more than £6,000 over a typical 20-year retirement period. A single extra National Insurance credit currently adds around £303-a-year on to the full, New State Pension.
However, if the grandparent’s also have a son and provided care for their daughter’s child and their son’s child, there are likely to be two Child Benefit recipients and two credits are available for transfer. It’s also worth noting that you can put in a retrospective claim for Specified Adult Childcare going back to 2011.
Top Money Stories Today Who can apply for Specified Adult Childcare credits? You can apply for Specified Adult Childcare credits if:Latest State Pension News When to apply Specified Adult Childcare credits can be awarded retrospectively, to April 6, 2011 at the earliest.
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