On this episode Sarah and Georgia talk about how you can avoid missing out on thousands of pounds of pension income.

KEY TAKEAWAYS

If you are a grandparent caring for grandchildren, you could qualify for National Insurance credits which can top up your income in retirement.

An estimated 4 in 10 grandparents in the UK provide childcare for their grandchildren and many don't know about this perk which could add thousands to their State Pension over time.

More and more grandparents will be entitled to the Specified Adult Childcare credits as the proportion of grandparents who are of working age is growing.

The system of transferring the National Insurance credits means that grandparents no longer have to lose out on building up a full State Pension just because they are looking after their grandchildren.

It's not just grandparents that can benefit from the credits. National Insurance credits can also be transferred to other family members such as aunties and uncles.

If you haven’t yet claimed, you can backdate to 6 April 2011, which is worth doing to maximise your State Pension.

For information on Child Benefit, please listen to our podcast episode (episode 11) or visit my blog here.

To apply for the Specified Adult Childcare credits click here.

BEST MOMENTS

'This is really important.'

'It's not a great image.'

'Georgia's not having a very good day today.'

ABOUT THE HOSTS

Sarah is a Chartered Financial Adviser and Certified Financial Coach and Georgia is a Senior Paraplanner. Together, they have over 20 years experience in financial services and are on a mission to educate others about money in a fun and non-jargon way. They will help you master your finances and money mindset so that you feel more confident with money and the decisions you make around money. They talk all things money from investments, pensions and benefits to your mindset around money and steps you can take to improve your relationship with money. They aim to make it fun, educational and are with you every step of the way. Together, you've got this!

The information given in this podcast is for your entertainment and should not be construed as financial advice. No liability can be accepted for any individuals relying on this information without seeking specific advice and guidance. As always, take independent financial advice before making any investment decisions. Our discussions are based on tax and legislation in England which may change.

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