New mothers missing out on £5,000 in pensions due to child benefit changes
New mothers may have lost out on more than half a billion pounds in state pension rights since changes to benefit rules were introduced in 2013, according to analysis.
Royal London, which made the calculations, said it was due to changes in rules on child benefit - and the number at risk was growing.
At present, a parent, usually a mother, receiving child benefit for a child under 12, gets a year of national insurance credits towards their state pension record.
This means that even if a mother is not in paid work and does not pay national insurance contributions, her state pension record is protected.
But a new Royal London policy paper titled the Mothers Missing Out On Millions argues the system is not working for new mothers affected by the high income child benefit tax ...
