Thousands of grandparents miss out on income boost

Thousands of grandparents miss out on income boostLooking after grandchildren is something many people enjoy. But few are aware that it can mean losing a substantial amount from their state pension. The good news is that there is a little-known scheme, which could give them back the thousands of pounds that would otherwise be lost. According to Sir Steve Webb, former Minister of State for Pensions and Liberal Democrat MP, thousands of grandparents who provide childcare, are missing out on National Insurance credits that could boost their state pension. Now Director of ...

6 financial tips for grandparents

In the current financial climate the 'bank of mum and dad' is often needing to stay open for longer. We are seeing more and more instances of grandparents needing, and indeed wanting, to help out their financially stretched children and grandchildren. We’ve put together six financial tips for grandparents to help guide you through these tough economic times. Tip 1: Save tax efficiently It’s pretty obvious that the less tax you pay on savings and investments you make for your grandchildren the better the return will be....