Martin Lewis has warned women over 66 after one person claimed £17,000 from HMRC. The ITV The Martin Lewis Money Show star was speaking out during the final episode of his ITV series, which aired from 8pm.
HMRC is about to write to thousands of women who took time off work for childcare between 1978 – 2010. This is because they may have something missing from their National Insurance records known as Home Responsibilities Protection (or HRP), which can have a huge effect on their state pension.
HRP was a scheme designed to ensure parents and carers kept hold of their State Pensions, which was replaced by National Insurance credits in April 2010. Your State Pension is based on how much money you’ve paid towards National Insurance as well as the number of ‘qualifying years’ you’ve accumulated.
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Martin shared one success story from Trevor, who said is wife received just under £17,000 back and will get higher state pension payments going forward. He said: “Following your show about Home Responsibilities, my wife claimed from 2007. Took some time but letter just received informing her she will receive just under £17,000 plus increased monthly payment. Thank you so much.”
Martin added: “If you were off work, looking after your children – it was mainly women in this period – hundreds of thousands of people were not given the National Insurance credits they should have got for looking after their children when they weren’t working. So that is what this is about.”
The BBC Sounds podcast host went on and added to viewers tonight: “It effectively lifts the amount of state pension [the viewer] should have got and it’s been paid backdated, and there are a lot of people in that situation. Women aged over 66 should be looking at that, at the moment.”
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