Hundreds of thousands of parents are missing a retirement top-up averaging 5,000, due to issues with their state pension. The Department for Work and Pensions has indicated difficulties in reconnecting these individuals with the funds owed to them. Approximately 194,000 parents are affected, with underpayments occurring because of significant record-keeping errors. The issue stems from the Home Responsibilities Protection scheme, which was available from 1978 to 2010 for those claiming Child Benefit or with caring responsibilities. A government representative expressed a commitment to assisting those impacted by these historical inaccuracies.
Hundreds of thousands of parents are missing out on a retirement top up worth 5,000 on average as the Department for Work and Pensions admits it is struggling to reunite most with the money they are owed.
An estimated 194,000 have been affected by the issue, which has seen their state pension being underpaid or could in the future due to a record-keeping issue which was no mistake of their own.
The error relates to Home Responsibilities Protection (HRP), which was available between 1978 and 2010 for people in receipt of Child Benefit or with caring responsibilities.
A Government spokesperson said: We are determined to help people who have been left out of pocket as a result of historical errors which are no fault of their own.
#retirement #state-pension #home-responsibilities-protection #department-for-work-and-pensions #financial-issues
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