Martin Lewis issues warning to women over 66 after claim sees £17,000 payout
"Grab Global News With Free Morning Headlines Email!"
Join Our Morning Headlines Newsletter For Free
Martin Lewis has advised women who are in the age group above 66 to investigate if they are eligible for reimbursement from HMRC because an individual has claimed they received more than £17,000 in reimbursement.
The financial guru predicted that approximately 210,000 individuals could face problems because of flawed National Insurance documentation.
This concerns the National Insurance credit, formerly known as Home Responsibilities Protection (HRP), which provided assistance to individuals who were unemployed and taking care of their children from 1978 until 2010.
Martin Lewis suggested that females above the age of 66 may wish to verify their state pension to see if they are affected.
The Martin Lewis Money Show on ITV aired a new episode recently. Martin Lewis, a renowned financial expert, shared helpful tips and advice for managing money during challenging times. The show covered a range of topics, including budgeting, reducing expenditure, and finding ways to increase income. Lewis stressed the importance of being proactive with money management, particularly during tough financial times. He suggested creating a detailed budget, cutting unnecessary expenses, and exploring ways to earn extra income, such as selling unwanted items or taking on a part-time job. Overall, the show offered useful insights for anyone looking to take control of their finances and improve their financial situation. By following the strategies and advice shared by Lewis, viewers can work towards achieving their financial goals and managing their money more effectively.
The advantage resulted in a decrease in the minimum number of years required to receive the state pension. However, there are certain missing details in the Historical Record of Pay which may lead to women being entitled to a significant amount of outstanding payments.
Have you managed to successfully apply for a refund from HMRC? If so, please send an email to [email protected].
During Tuesday evening's episode of the Martin Lewis Money Show Live on ITV, Martin talked about a topic and presented an example of a man named Trevor who had achieved success.
In his statement, he expressed gratitude for the Home Responsibilities show, as it resulted in his wife filing a claim from 2007. Although the process took some time, they recently received a letter notifying them that she will be receiving just under £17,000 in addition to an increased monthly payment. He conveyed his appreciation for the show's assistance in achieving this outcome.
During his speech to the audience, Martin addressed an important issue regarding the lack of National Insurance credits given to individuals, primarily women, who had to care for their children while not working. This led to hundreds of thousands of people missing out on these credits, which is the topic that he wanted to bring attention to.
The state pension has been raised significantly and the payment has been retroactively made, which benefits a considerable number of individuals. Those who are over the age of 66, particularly women, should take note of this information.
In addition, Martin Lewis provided advice regarding the energy price cap.
Approximately 60,000 individuals, who have been impacted, are believed to have passed away. However, their loved ones are eligible to make a request for any outstanding monetary reimbursements.
Meeting the eligibility criteria for receiving the HRP for an entire 12-month period in 1978 involves adhering to certain regulations such as:
Martin advised ladies to review their state pension and National Insurance statement, and if they feel impacted, reach out to HMRC for further assistance.
