Martin Lewis reveals 'little known benefit' for grandparents that can add thousands to pensions

ok.co.uk:

Money saving guru Martin Lewis has highlighted a “little known” benefit that could mean grandparents providing childcare for their grandchild could add thousands of pounds to their pension.

The financial whizz highlighted a benefit known as Specified Adult Childcare credits, which can be claimed by family members who care for a child under 12, usually whilst their parent is working.

By claiming the credits, the person carding for the child can build up their National Insurance conditions, as well as adding “thousands of pounds” to a state pension, the Manchester Evening News reports.

Taking to Twitter to draw attention to the hack, Martin 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 (ie childs grandparent) 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 (as you're working you'll usually be getting from work).This can add £1,000s to a state pension." The Money Saving Expert founder then shared a link to a government page which explains the benefit in full, with the full eligibility outlined below.