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Grandparents could claim extra National Insurance credits

Older people providing care during term-time or school holidays for children under the age of 12 may be able to earn an increase in State Pension.

The boost is linked to the fact that people providing childcare rather than working could be entitled to claim a National Insurance credit.

Most people are aware that mothers looking after children, rather than working, can claim NI credits for these years which then count towards the state pension.

However, few are aware that older people – who have not yet reached state pension age – can have the NI credits transferred to them.

Each year of NI credit currently adds around £303 a year to the full, New State Pension. Over a typical 20-year retirement this adds up to more than £6,000.

You will receive a Class 3 NI credit for each week or you provided care for the child. (Image: Getty)

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