How a child benefit form can lose you state pension?

Child benefit and state pension - It’s not the most obvious link.

But if you are a parent who is looking after a child instead of working, you need to register for child benefit in order to build up your entitlement in retirement age.

Austerity swept away the universal child benefit and those households where one parent earns more than £50,000 have to start giving it back until it is removed altogether above £60,000.

Unsurprisingly, many who fall into this bracket simply opt not to take it and see no point in registering. Unfortunately, mums and dads who stopped work to look after children are now finding they’ve missed building up their state pension.

It should be easy to fix, but HMRC and the government have been stalling parents affected. That’s why This is Money has started a campaign to get this mess fixed, before it gets any worse.

On this week’s podcast, Simon Lambert, Lee Boyce and Georgie Frost discuss how this all happened and why it matters to not just those affected.

Also on this week’s show, we discuss whether it’s a good idea to delay your state pension and why banks and building societies are cutting mortgage rates, despite the Bank of England raising rates.

And finally, can you really have a weekend away in Europe, flights and a decent hotel for £57? Yes you can, thanks to a very clever new website we tracked down.

Enjoy.