Call Richard Cook: 07770 575 122

email: richard@theinvestmentandretirementcoach.co.uk

Why high earners should still be claiming child benefit

It is common knowledge that many high earners have stopped claiming child benefit because it generates a tax charge which wipes out the benefit.

On the face of it – no problem. However, if your partner either doesn’t work, or is low paid, and you have a child born after January 2013 your partner will lose National Insurance credits. This means your partner’s pension claim will be reduced (as a full 35 years’ worth of NI credits are required to receive a full state pension).

I was alerted to this by one of my accountant contacts Harbour Key. Full details can be found in their December newsletter.dec_300

Females have already been seriously hit by rising state pension ages. Don’t add to those problems by losing national insurance credits unnecessarily.

Click on the links below to some of my historical blogs – these may be of interest.


This document and our on going services are not personal advice. We'll give you all the help and guidance you need to make your investment and retirement decisions, but we can't advise you. If you're not sure whether you need regulated financial advice we can put you in touch with a suitably qualified and experienced regulated adviser. Because we are not regulated by the Financial Conduct Authority you will not have access to the Financial Ombudsman Service in respect of any complaints. If you use one of the "no advice" on line services to handle investment transactions they will be Regulated and you will have access to the Ombudsman and The Financial Compensation Scheme in respect of their services. The value of investments/pension plans can fall or rise depending on market performance. The Retirement Team and The Investment and Retirement Coach are trading names of Capture Success Ltd Reg No 01825075 Tel 07770575122

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