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Older people who provided childcare during the school holidays this summer for youngsters under the age of 12 may be able to boost State Pension payments by more than £6,000 over a typical 20-year retirement period by claiming a National Insurance perk from HM Revenue and Customs (HMRC). ‌

A single extra National Insurance credit adds around £303-a-year on to the full, New State Pension which is worth £11,973 over the current financial year. ‌

The State Pension top-up is known as Specified Adult Childcare and works by transferring the National Insurance credit attached to Child Benefit from the Child Benefit recipient to a family member who is providing care for a related child under 12, or 17 if they have a disability. ‌

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