Child Benefit claimants could be missing out on full state pension entitlement
If you claimed Child Benefit prior to May 2000 you may have missed out on valuable qualifying state pension years due to nuances in HMRC’s systems. How can you correct your NI record?
Entitlement to certain benefits can preserve your entitlement to the state pension, as since 2010, NI credits are automatically awarded to provide qualifying years on your NI record. Before 2010 this was known as home responsibilities protection (HRP). However, Child Benefit claimants who did not include their NI number on the application form before May 2000 may not have had their NI record credited with HRP. This means that there are potentially tens of thousands of people receiving a lower state pension than they should be. HMRC is therefore working with the DWP and urging individuals who may be affected to check whether they can make a claim to update their NI record.
Related Topics
-
CT61
-
How to apportion advisory mileage rates for EVs
In September, HMRC introduced a new two-tier advisory mileage rate for employees charging electric vehicles. The rate differs depending on whether the vehicle is charged at home or not. But what’s the correct approach if an employee does both?
-
Can flipping properties create unwelcome tax bill?
You’re planning to purchase a cheap property, refurbish it and eventually sell it on for a hefty profit. You’ve been told that as long as you live in the property, the gain is tax free, is this correct?
This website uses both its own and third-party cookies to analyze our services and navigation on our website in order to improve its contents (analytical purposes: measure visits and sources of web traffic). The legal basis is the consent of the user, except in the case of basic cookies, which are essential to navigate this website.