This simple Child Benefit mistake could be costly in retirement

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This 515-word blog post considers a new Freedom of Information response from HM Revenue & Customs, obtained by insurer Royal London, which found that around 200,000 couples are choosing to claim Child Benefit in a way that could have negative financial implications for their state pension income. Written on 24th November 2019.

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Article preview: Is your family claiming Child Benefit? Depending on the person making a claim, you could be missing out on state pension benefits in later life. A new Freedom of Information responses from HM Revenue & Customs, obtained by insurer Royal London, has found that around 200,000 couples are choosing to claim Child Benefit in a way that could have negative financial implications in retirement. The issue can be resolved with the completion of a simple form.