Martin Lewis Warns Women Aged 41-90 May Be Owed Thousands by HMRC
Martin Lewis says women who had kids 1978-2010 may be owed thousands by HMRC
Image: Dailystar Co Uk
Money-saving expert Martin Lewis warns women aged 41-90 who had children between 1978 and 2010 may be owed substantial sums from HMRC due to a National Insurance error affecting their state pensions. Individuals must now take action to claim these funds as HMRC has stopped contacting them.
- 01Martin Lewis highlights a potential state pension error affecting women aged 41-90 who took time off work to care for children or disabled individuals from 1978 to 2010.
- 02The Home Responsibilities Protection scheme was designed to safeguard pension entitlements for those not earning enough due to caregiving responsibilities.
- 03Individuals may be missing National Insurance contributions that could significantly impact their state pension amounts, with some owed over £31,000 in back pay.
- 04HMRC has ceased proactive outreach to those affected, requiring individuals to check their pension forecasts and National Insurance records themselves.
- 05Women in their 60s and 70s are the most likely to be impacted, particularly those who claimed child benefit or income support before May 2000.
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Martin Lewis, a renowned personal finance expert, has alerted women aged 41-90 who had children between 1978 and 2010 that they may be entitled to significant compensation from HMRC due to an ongoing National Insurance error. This issue primarily affects women who ceased working to care for children or individuals with long-term disabilities. Lewis explained that the Home Responsibilities Protection scheme was intended to protect their state pension entitlements, but many may not have received the necessary National Insurance credits. He cited a listener who received £31,674 in back pay as a result of this error. With HMRC no longer contacting potentially affected individuals, Lewis urges them to check their state pension forecasts and National Insurance records to identify any gaps that may have occurred during the specified period. This situation could result in substantial financial implications for those impacted, particularly women in their 60s and 70s who claimed child benefit or income support prior to May 2000.
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Women affected by this error could receive significant back payments, impacting their financial stability in retirement.
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