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Grandparents miss out on tax credits that could boost state pension



Little-known scheme could put thousands of pounds back into pensions of grandparents who take time off work to look after grandchildren under 12


As many as 100,000 grandparents are missing out on national insurance credits that could boost their state pension by thousands of pounds over the course of their retirement, a former minister has claimed.

The former Liberal Democrat MP Steve Webb, now director of policy at mutual insurer Royal London, said a freedom of information request to HM Revenue & Customs had laid bare the “massive non-take-up” of a scheme designed to help grandparents who make sacrifices to help their children get back to work after the birth of a child.

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Financial Services Scotland Ltd is registered in Scotland, and is an appointed representative of Personal Touch Financial Services Limited, which is authorised and regulated by the Financial Conduct Authority. Company No. sc408291. The APL centre, Stevenston industrial estate, Stevenston, KA203LR.