Women Aged 41-90 Could Be Owed Money Due to HMRC Pension Error, Says Martin Lewis
Martin Lewis says 'it's worth checking' as women aged 41-90 could be 'owed a fortune' from HMRC
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Martin Lewis, founder of MoneySavingExpert, urges women aged 41-90 to check for potential unpaid state pension due to a National Insurance error affecting those who cared for children or disabled individuals between 1978 and 2010. Many may be owed significant sums.
- 01Martin Lewis highlights a National Insurance error affecting women aged 41-90, particularly those who took time off work to care for children or individuals with disabilities.
- 02The error may lead to substantial unpaid state pensions due to missed Home Responsibilities Protection from 1978 to 2010.
- 03A listener reported receiving £31,674 in back pay from HMRC for underpayment of her state pension, illustrating the potential financial impact.
- 04Women in their 60s and 70s are most likely to be affected, but anyone aged 41-90 who meets the criteria should check their records.
- 05Individuals can verify their state pension forecast and gaps in National Insurance contributions on the gov.uk website.
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Martin Lewis, the founder of MoneySavingExpert, has alerted women aged 41 to 90 about a potential state pension error that could result in them being owed significant sums of money. This issue primarily affects women who took time off work to care for children or individuals with long-term disabilities between 1978 and 2010. Lewis noted that the HM Revenue and Customs (HMRC) had previously contacted potential victims but has since ceased these communications. He emphasized the importance of checking for Home Responsibilities Protection, a system designed to safeguard pension entitlements for those who did not earn enough due to caregiving responsibilities. Lewis shared a case where a listener received £31,674 in back pay, highlighting the financial implications of this oversight. He encourages those who may be affected to visit the gov.uk website to check their state pension forecasts and identify any gaps in their National Insurance contributions, as many could be missing out on substantial funds due to this error.
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Many women could receive significant back payments affecting their financial stability.
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