Child Benefit: Built up NI credits can be transferred under these conditions – check now
Child benefit claimants will get National Insurance credits while they’re receiving the benefit. This will continue until the youngest child in the family turns 12.
Child Benefit claimants with excess National Insurance credits will be able to transfer them to a partner so long as they aren’t working, are on a low income and are not paying their own contributions.
Transfer claims of this nature can be made on a yearly basis after the end of each tax year.
There is a specific government form (CF411A) that will need to be completed to do this.
It is also possible to transfer National Insurance credits to someone else within the family.
Child Benefit payments themselves can be quite generous, potentially providing thousands of pounds a year in some instances.
People claiming for a single child will receive £21.05 per week.
Additional children will bring in an additional £13.95.
Originally, Child Benefit could be claimed from as soon as the child’s birth was registered but this has changed in recent months due to coronavirus.
It can now be applied for even if the claimant has not registered the birth as coronavirus has forced all General Register Offices to close.
Published at Wed, 27 May 2020 06:00:00 +0000