Tel: 01294 539267
Online enquiry form

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.

To continue reading this article follow the link:

You are now departing from the regulatory site of Financial Services Scotland Limited. Neither Financial Services Scotland Limited or Personal Touch Financial Services Limited is responsible for the accuracy of the information contained within the linked site.

Financial Services Scotland Ltd.

1 Glebe Street
KA20 3EN

Tel: 01294 539267

Keep updated

Follow our social networks
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. 1 Glebe Street, Stevenston, Ayrshire KA20 3EN.