New mothers are being warned to register for child benefit – even if they are not entitled to it – or else they could be left with a smaller state pension than they are expecting.
New mothers stand to lose more than half a billion pounds in state pension following changes to the child benefit system introduced in 2013, it has been estimated.
That’s because many families haven’t registered for child benefit since the overhaul, which reduced the entitlement for those earning £50,000-plus a year or wiped it out entirely for those earning £60,000-plus.
But unless a mother who cares for a family rather than working signs up for child benefit, whether they are due to receive any or not, they won’t receive valuable credits towards a state pension to fill these career gaps.
State pension at risk: Growing numbers of mothers are not claiming child benefit when starting a…