Martin Lewis is urging grandparents who look after grandchildren while their parents are at work to claim a “little known benefit” which could add thousands of pounds to State Pension payments. Specified Adult Childcare credits work by transferring the National Insurance credit attached to Child Benefit from the Child Benefit recipient to a family member who is providing care for a related child under 12.
The founder of MoneySavingExpert.com took to social media and urged his 1.8 million Twitter followers to share his quick summary and link to the benefit. Martin posted: “There's a little known benefit for grandparents who look after their grandchildren while parents work. If you're a parent of an under 12, if your parents (ie child’s grandparent) do childcare so you can work, you can apply to get them ‘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.”
