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Retired Dad Childminding Granddaughter

Hi, 
My father looks after my sisters daughter whilst she and her husband are working during the week. 
He takes her (3 years old) to pre school etc. 
My dad is in his early 70s and fully retired for a long time.
Just wondered if there's any tax benefits or anything else financially beneficial to him that he should know about?
Thanks 

Comments

  • poppy12345
    poppy12345 Posts: 18,976 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    No there isn’t. 
  • Alice_Holt
    Alice_Holt Posts: 6,094 Forumite
    Ninth Anniversary 1,000 Posts Name Dropper
    But for younger carers (pre SPA), carers credits may be applicable.

    https://www.gov.uk/carers-credit
    Alice Holt Forest situated some 4 miles south of Farnham forms the most northerly gateway to the South Downs National Park.
  • peteuk
    peteuk Posts: 2,197 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    But for younger carers (pre SPA), carers credits may be applicable.

    https://www.gov.uk/carers-credit
    Carers credit fills in NI contributions , which I assume as her father is 70+ wont be applicable.
    Proud to have dealt with our debts
    Starting debt 2005 £65.7K.
    Current debt ZERO.
    DEBT FREE
  • peteuk said:
    But for younger carers (pre SPA), carers credits may be applicable.

    https://www.gov.uk/carers-credit
    Carers credit fills in NI contributions , which I assume as her father is 70+ wont be applicable.
    Yep, hence
    But for younger carers (pre SPA), carers credits may be applicable.

    https://www.gov.uk/carers-credit
    :)
  • MalMonroe
    MalMonroe Posts: 5,783 Forumite
    Ninth Anniversary 1,000 Posts Name Dropper Photogenic
    Does your Dad want payment?  Has your sister offered him payment?

    Years ago, my Dad looked after our small daughter while my ex, me (part-time) and my Mum (part-time) were working. I offered to pay him for his time and he was so offended, I felt really awful. I can still remember his words now "what?! Be paid to look after my own granddaughter??!" 

    He did it because he wanted to and because he really loved spending time with her. She in turn adored her granddad and had a special bond with him as well as my Mum.

    She was born in Australia and we returned to the UK when she was six months old. Sometimes I really regret returning to the UK (I'm sure I don't have to explain why) - but my daughter - now an adult - reminds me that she wouldn't have had such a close relationship with her grandparents (on both sides) and all her other relatives if we hadn't come back. She will always be grateful for all the precious memories she has, as will your niece I'm sure.

    I'm in my early 70s, still fit and active and wouldn't mind at all looking after any grandchildren I had - I don't have any and that's okay, but if I did I wouldn't want any payment for caring for them. Your niece won't be small for long. I'm sure your Dad doesn't see it as a chore. 

    There is more to life than money. Hopefully your Dad would speak up if he didn't want to look after his granddaughter.
    Please note - taken from the Forum Rules and amended for my own personal use (with thanks) : It is up to you to investigate, check, double-check and check yet again before you make any decisions or take any action based on any information you glean from any of my posts. Although I do carry out careful research before posting and never intend to mislead or supply out-of-date or incorrect information, please do not rely 100% on what you are reading. Verify everything in order to protect yourself as you are responsible for any action you consequently take.
  • sheramber
    sheramber Posts: 24,475 Forumite
    Part of the Furniture 10,000 Posts I've been Money Tipped! Name Dropper
    If a grandparent who is looking after a grandchild is below state pension age  and  will not have the full number of years to qualify for  full state pension , they may be able to claim transfer of child benefit credit for the missing years ,if the parent does not need it. 
    As your father is over state pension age he  is not eligible.

    https://www.gov.uk/government/publications/national-insurance-credits-for-adults-who-care-for-a-child-under-12-fact-sheet/specified-adult-childcare-credits-fact-sheet

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