Martin Lewis Money Show reveals grandparents are missing out on ‘little-known’ free cash £1,000s – how to claim
, it said: "If one of your family members looks after your children while you work, they can apply for a little-known credit that may be worth £1,000s."This is important as you need at least 10 years' worth of NI payments or credits to qualify for the state pension and at least 35 years' worth to get the full amount.Those who have been providing childcare in earlier years can backdate their claim to 2011, when the scheme started.
"I received confirmation this week that the years are now full and I don't need to pay anything to get my full state pension next June."Who is eligible for the credits? If you live with a partner or family, get their basic financial information together too as this could affect your claim. Each yearly credit is worth 1/35 of the value of the state pension, which is currently around £300 a year.
Only one grandparent or family member can receive the credit as well and the credit isn't per child but per child benefit claimant.
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