Success! Specified Adult Childcare credits 17 February at 6:12PM in Pensions, annuities & retirement planning 6 replies 248 views

Irvette

Thanks to Martin Lewis & the MSE Team, I found out aboutSpecified Adults Childcare credits to boost my NI contributions for my State Pension.
 My application was successful, so, five DWP letters later, instead of a weekly forecast of £155.29, my state pension forecast rises to £200.10 per week.
I am eternally grateful for the work done by Martin Lewis and the MSE Team. 

p00hsticks

Irvette said:

Thanks to Martin Lewis & the MSE Team, I found out aboutSpecified Adults Childcare credits to boost my NI contributions for my State Pension.
 My application was successful, so, five DWP letters later, instead of a weekly forecast of £155.29, my state pension forecast rises to £200.10 per week.
I am eternally grateful for the work done by Martin Lewis and the MSE Team. 

Are you over State Pension age already ? Or were the credits for pre-2016 years ?

The maximum new State Pension amount is £185.15, unless you already exceeded that on 6/4/2016. If you had not already reached State Pension age by then the award of additional years  would cause those 'starting amount' calculations to be re-worked, but it would be interesting to know it has resulted in an increase to over £200 a week...

Misslayed

Wow! That's about £2500 extra a year for the rest of your life! Brilliant result 

Irvette

Credits were for years 2013-date. 

State pension for me begins in May 2023. Work pension had been contracted out. 

jem16

Irvette said:

Credits were for years 2013-date. 

State pension for me begins in May 2023. Work pension had been contracted out. 

So presumably the £200.10 will be what you will receive in May and includes April’s rise? That makes more sense now as it’s slightly below the full new state pension as from 10th April 2023. 

Irvette

Yes, I guess so. Thanks.

p00hsticks

jem16 said:

Irvette said:

Credits were for years 2013-date. 

State pension for me begins in May 2023. Work pension had been contracted out. 

So presumably the £200.10 will be what you will receive in May and includes April’s rise? That makes more sense now as it’s slightly below the full new state pension as from 10th April 2023. 

Ah! That makes more sense.....