Pension for a stay at home mum

Rollinghills

jem16 wrote: »

You need to be eligible and you need to claim it.

If you don't receive it because of your husband's income that is fine.

I understand now, thanks! I have to claim it but not receive it. Why claim something you're not going to receive it - well now I know! Will do asap.

Rollinghills

sandsy wrote: »

See:
https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/359765/ch2-flat.pdf


It clarifies that you can only backdate for 3 months but that it's important to claim for state pension protection even if your husband's income makes you ineligible to receive child benefit.

That is very helpful thank you! Printing the form now.

xylophone

You could choose to receive the benefit and regard it as an interest free loan?

You could use the CB as part of a monthly contribution to the pension you are planning?

Rollinghills

xylophone wrote: »

You could choose to receive the benefit and regard it as an interest free loan?

You could use the CB as part of a monthly contribution to the pension you are planning?

So I receive it monthly and then it is deducted after my husband does his tax return? I suppose it could work but not sure it's worth the hassle especially with interest rates where they are. If interest rates were high then that would certainly make sense.

xylophone

Not that much of a hassle if he is already completing a self assessment?

https://www.gov.uk/child-benefit-tax-charge/pay-the-charge

Perhaps you could open a TSB Classic Vantage ( complete R85 if eligible - see and read carefully https://www.gov.uk/apply-tax-free-interest-on-savings/overview ) to receive your four weekly CB and a contribution from your husband to enable you to pay £240 a month into the pension?