Cause of women’s pension equality ‘set back a generation’


#1

Originally published at: https://whichinvestmenttrust.com/cause-womens-pension-equality-set-back-generation/

New data from HMRC suggest that tens of thousands of mothers with young children could face a permanently reduced state pension because of changes to the Child Benefit system introduced in 2013 for higher income couples. Forty years after the first National Insurance credits were introduced to protect the state pension rights of mothers, women…


#2

I’m quite shocked by this. No doubt no one would have told them they were forfeiting pension entitlement by not claiming Child Benefit.

I’m sure some will be financially fine and they failed to claim because they didn’t feel they needed it, but there will be many who do need it, who divorce, find themselves supporting an expensive rearing-children habit alone.

They should be allowed to claim retrospectively, if not for the Child Benefit at least for the lost pension entitlement.