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State pension UK: Mothers advised to claim child benefit to protect National Insurance | Personal Finance | Finance

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State pension payments require at least 10 years of National Insurance contributions. To receive the full amount of £175.20 per week, claimants will need at least 35 years of National Insurance contributions.
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However, building up a National Insurance record can be made difficult by family commitments and having children can impact women more so than men. ....

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Child benefit warning: Basic rate taxpayers set to be hit by high income charge from April

| UPDATED: 17:21, Thu, Jan 21, 2021
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Child benefit will pay out £21.05 per week for eldest or only children, with £13.95 being awarded for additional children. In order to be eligible for child benefit a person must be responsible for a chlid under 16 and be living in the UK. ....

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Child benefit warning: Self assessment tax returns are due this month - how to cut costs

Gifts made last year can be deducted from income for the tax year 2019-20.
Charitable gifts made in the current year can be claimed in the previous one too, which could be beneficial if income has fallen this year.
Kay went on to examine pension options: Pension savings made by the individual also reduce taxable income and may restore eligibility for Child Benefit.
Pension savings made by the self-employed and by employees into their own private pensions receive 20 percent tax relief at source – yet those with income over £50,000 (£43,430 in Scotland) are entitled to an additional 20 percent (21 percent if resident in Scotland). This additional relief can be claimed when completing a tax return. ....

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