HM Revenue and Customs (HMRC) is advising pensioners to “protect” their state pensions by claiming Child Benefit when eligible. Under current HMRC guidelines and Labour Party government rules, Child Benefit is available to individuals responsible for raising a child under 16, or under 20 if the child remains in approved education or training.
Only one person can claim Child Benefit per child. When you claim, you receive a payment allowance for each child, usually disbursed every four weeks. Beyond the financial support, claiming Child Benefit automatically grants National Insurance credits, which are vital as they count towards your State Pension.
HMRC highlights that children typically receive their National Insurance number around their 16th birthday without needing to apply for one. Importantly, even if you opt out of receiving the Child Benefit payments, you should still make a claim to access these valuable National Insurance credits.
READ MORE: DWP Jobcentre’s Approach Sparks Controversy in Middlesbrough’s Fight Against Unemployment
READ MORE: DWP Offers State Pensioners Up to £1,045 Through Savings Credit
These credits fill gaps in your National Insurance record during periods when you’re not working or earning enough to pay contributions, thereby preserving your State Pension entitlement. If you don’t require the credits yourself, other family members such as your spouse, partner, or a caregiver can apply to transfer or claim specified adult childcare credits on your behalf.
From April, Child Benefit rates increased to £27.05 per week for the first or eldest child and £17.90 per week for each additional child—annual rises of £52 and £33.80, respectively. This translates to approximately £108 monthly, amounting to £1,406.60 yearly for the eldest or only child, plus an additional £930.80 annually for each further child.
By claiming Child Benefit, pensioners not only receive financial assistance but also strengthen their future State Pension by securing essential National Insurance credits.