HMRC is set to send letters to women who may have missing National Insurance records, potentially affecting their state pension. The letters could be worth thousands of pounds.
Martin Lewis from Money Saving Expert speaking to an audience of Londoners about the challenges they are facing as a result of the rising cost of living.
HRP was a scheme designed to ensure parents and carers kept hold of their State Pensions, which was replaced by National Insurance credits in April 2010. Your State Pension is based on how much money you’ve paid towards National Insurance as well as the number of ‘qualifying years’ you’ve accumulated.
“It’s basically because those who were caring for their family and not working should have been getting National Insurance boosts but weren’t.”
HMRC Letter Women National Insurance State Pension Home Responsibilities Protection Childcare
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