Claiming extra NI credits for child care of grandchildren

Gers

http://www.bbc.co.uk/news/business-38654321

Just saw this, I'm not in this group but thought it very interesting.

EDIT - changed the title to make it more appropriate!

molerat

Tens of thousands of grandparents are missing out on National Insurance (NI) credits

Not in this house MrsM has already claimed just under £3K in class 3 credits.

Theark

Does this mean the parent gives up some of their NI contributions to you how does it work, I'm about to look after my granddaughters two days a week and a couple of years ago I had them for various hours doing the working week while their mother worked.

molerat

If the parent stays at home looking after the child and claiming child benefit they get NI credits. If they go back to work and are paying or credited with NI then the credits they would have received from child benefit can be transferred to the carer, they lose nothing.

If you need the credits get your calendar out, as in my previous post MrsM has saved almost £3K that we would have previously paid for class 3s. You obviously need to check your NI record as pre 2016 credits may not be needed.

MisterNick

My wife looks after our granddaughter one day a week.
My son's partner gets Child benefit and pays NI through her employment
My wife claimed and received full credit for 2014/15 and 2015/16. She has been told to apply for 2016/17 in Dec "17.
A little gem

molerat

I am surprised they do not carry out checks if claiming 52 weeks in a year !