Article preview: The introduction of a punitive tax charge for higher earners has resulted in a rising number of women missing out on their state pension benefits. When the High-Income Child Benefit Tax Charge was introduced in January 2013, an unintended consequence was to cause few women to register for Child Benefit. New figures from HMRC show the number of families receiving Child Benefit has fallen again for a sixth successive year. It’s fallen by more than half a million families since the High-Income Child Benefit Tax Charge was introduced in January 2013.
Child Benefit claims and missing state pension income
This 848-word blog post explains the issues around women missing out on state pension income following the introduction of the High-Income Child Benefit Charge in 2013, with new data from HMRC illustrating the scale of the problem. Includes a comment from Royal London Director of Policy Steve Webb and some practical tips for protecting your National Insurance credits. It was written on 3rd March 2019.
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