August 2018

UK. Calls for HMRC to scrap rule penalising parents’ pensions

The taxman is under pressure to ditch a rule that costs busy new parents thousands of pounds in state pension entitlement. Parents who have taken time out of work to raise their baby get just three months during the frantic first weeks of having a newborn to register for child benefits with HMRC, allowing them to continue to build up their state pension though they are not employed. Those who failed to do this have already missed out on as much...