
HMRC has written to the Treasury committee warning 200,000 parents are at risk of foregoing their full state pension due to not claiming child benefits. In a letter, HMRC said that if child benefits are being claimed by the higher earner in a household, the partner earning less could be missing out on National Insurance credits, and therefore decreasing their state pension entitlement. HMRC wrote: "Our work suggests there may be around 3% of households claiming child benefit and not ben...
To continue reading this article...
Join International Investment
Join International Investment today
Unlock members-only benefits:
- Unlimited access to real-time news, industry insights, video features and market intelligence
- Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
- Receive breaking news stories straight to your inbox in the daily newsletters
- Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
- Members-only access to the Editor’s weekly news roundup newsletter
- Members-only access to analysis via our exclusive industry polls
- Be the first to hear about our events and awards programmes