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Warning over Child Benefit mistake that could cost families £6,500 in retirement
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manchestereveningnews.co.uk
manchestereveningnews.co.ukAn urgent warning has been issued over fears that up to one million families could lose out on National Insurance credits, potentially costing them a happy retirement due to a Child Benefit error.
Claiming Child Benefit can also earn you National Insurance (NI) credits if you're not working or earning less than £123 per week.
These credits are crucial for your state pension entitlement in the future, as it depends on the number of qualifying years of National Insurance you've accumulated.
To claim the full new state pension, which is worth £221.20 per week, most people need 35 qualifying National Insurance years.
Read more on manchestereveningnews.co.uk
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