Martin Lewis shares 'little known benefit' that could help all grandparents who look after their grandchildren
Martin Lewis has shared a 'little known benefit' that could help grandparents who look after their grandchildren.
Taking to Twitter to share his wisdom, he wrote: "Pls share. There's a little known benefit for grandparents who look after their grandchildren while parents work. If ur a parent of an under 12, if your parent do childcare so you can work, u can apply to get em "Specified Adult Childcare Credit.""This means they get the National Insurance years that normally go to a parent who is off work looking after children . This can add £1,000s to a state pension.
What do the credits mean? The recipient will receive a Class 3 NI credit for each week or part week they cared for the child. These help to build entitlement to the State Pension and, until April 2017, certain bereavement benefits.Who can apply for Specified Adult Childcare credits? According to the government, the following must be applicable in order for you to apply for the benefit:
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