![Pinterest](https://pinterest.com/pin/create/button/?url=https://uknews.evprotec.com/warning-for-grandparents-looking-after-kids-this-summer-who-risk-missing-out-on-3000/&media=https://uknews.evprotec.com/wp-content/uploads/2023/07/NINTCHDBPICT0002950660831.jpg&description=QUIDS IN Warning for grandparents looking after kids this summer who risk missing out on £3,000 GRANDPARENTS helping out with childcare this summer could be missing out on up to £3,000 - here's how you can claim. Many parents will be turning to relatives for help with looking after their kids during the school holidays. 1 Grandparents could be missing out on up to £3,000 for helping with summer childcare Credit: Getty - Contributor But many grandparents don't realise they can be financially compensated for their time. Grandparents could be eligible for extra credits worth £275 a year by the government. These credits are known as "specified adult childcare credits" and they count as a national insurance (NI) credit for those who don't otherwise work. This is important because you need at least 10 years' worth of NI credits to qualify for the state pension, and at least 35 years' worth to get it in full. You can't apply for the 2022/23 tax year until October, but you can apply for backdated childcare national insurance credits back to 2011. So if you think you might be eligible to put in an application, it could turn out to be pretty worthwhile. One grandmother previously told The Sun she lost out on £800 a year in state pension payments. If someone had been providing childcare every year since 2011/12, and now put in a claim for all years from 2011/12 until 2021/22, this would be eleven years of credits and could add just over £3,000. How to check if you're eligible To be eligible, the carer must be under state pension age, which is 66 years old. The child must also be under 12 years old, or 17 if they have disabilities. To claim, you must live in England, Scotland, Wales and Northern Ireland, but not the Channel Islands or the Isle of Man. Plus, you're only eligible if the child's parent is entitled to child benefit and has a qualifying year for national insurance without needing the parent's class 3 national insurance credits which they receive automatically from c){kind=link}
GRANDPARENTS helping out with childcare this summer could be missing out on up to £3,000 – here’s how you can claim.
Many parents will be turning to relatives for help with looking after their kids during the school holidays.
But many grandparents don’t realise they can be financially compensated for their time.
Grandparents could be eligible for extra credits worth £275 a year by the government.
These credits are known as “specified adult childcare credits” and they count as a national insurance (NI) credit for those who don’t otherwise work.