 as well as HMRC announced plans to repay these women who have been underpaid for over a decade due to an error. The error, which was first revealed last year, has seen an estimated 210,000 people in total potentially underpaid. Most of them are women who were stay-at-home mums. Writing in the MSE newsletter the team said: "If you're a woman in your 60s or 70s who stayed at home to care for children before 2010, you may be missing out on £1,000s in state pension payments due to errors in your national insurance record. "You don't need to do anything for the time being, though you will need to claim your missing state pension payments later this year." In an official report published earlier this month the government has revealed that 187,000 people are owed arrears. MSE went on to explain that those affected are those who claimed child benefit, largely women, prior to May 2000 as they could have gaps in their National Insurance (NI) record which in turn affects their state pension amount. The amount of state pension someone gets is based on their NI contributions and the number of "qualifying years" they have. MSE said: "The average amount of state pension back payment due to this issue is £2,000, with the highest found to be £33,300, according to a report published earlier this month by the National Audit Office." From 1978 to 2010, a protection for parents to avoid these gaps was provided by a system known as Home Responsibilities Protection (HRP) credits. This system was the){kind=link}
Martin Lewis’ MoneySavingExpert has issued a warning to 100,000s of parents.
In the latest MoneySavingExpert newsletter the team explained how mums who stayed at home before 2010, may be missing out on £1,000s in state pension payments.
It comes after the Department for Work and Pensions (DWP) as well as HMRC announced plans to repay these women who have been underpaid for over a decade due to an error.
The error, which was first revealed last year, has seen an estimated 210,000 people in total potentially underpaid.
Most of them are women who were stay-at-home mums.