Thousands of grandparents caring for their grandchildren over the summer holidays could be missing out on the chance to boost their future State Pension.
Many working-age grandmothers and fathers could qualify for Class 3 National Insurance credits for looking after children aged under 12 – which can be used to top up their income in retirement.
Half of Britain’s 7 million working-age grandparents have a grandchild under the age of 16.
It was said out of 200,000 eligible grand parents only 1000 are claiming for what they are entitled to claim for.
The "specified adult childcare credit" is designed to protect the pensions of grandparents who retire early to care for grandchildren so their parents can go back to work.
Each year that a person misses from work takes £231 a year from the state pension, a loss of £5,800 over a 25-year retirement.
But a Freedom of Information request sent to HM Revenue & Customs shows only 1,298 people claimed the credit in the year to September 2016.
More than 100,000 grandparents of working age could benefit from the scheme, according to estimates from Royal London, a pension company that submitted the information request.