Families claiming this benefit has fallen by a million in the past decade
An urgent warning has been issued over fears that up to one million families could lose out on National Insurance credits, potentially costing them a happy retirement due to a Child Benefit error.
To claim the full new state pension, which is worth £221.20 per week, most people need 35 qualifying National Insurance years. However, recent figures released by HMRC reveal that the number of families claiming Child Benefit has dropped from its peak of 7.92 million in 2012 to just 6.91 million, reports the Mirror.This decrease represents one million families who could be missing out on essential National Insurance credits.
"Although the government has proposed a new way of crediting people in, we still lack important detail and there is a risk that these new credits will suffer from the same non take-up problems we see in the existing system. This issue needs to be resolved as a matter of urgency."
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