In Ukraine, thousands of caregivers risk losing their pension: how to obtain a caregiving credit.
According to The Sun: Hundreds of people may lose the chance to receive a full state pension in retirement as they are not receiving an important benefit.
New figures obtained by property management company Quilter showed that the number of rejected applications for Caregiving Credit has reached its highest level in the last ten years.
This benefit can be claimed by those who take time off work to care for another person.
This benefit does not provide you with any money directly, but it is a National Insurance credit that ensures you can receive a full state pension when you are not working.
Generally, you need 35 years of National Insurance contributions to get a full state pension, which currently amounts to £11,973 a year.
If you only have 10 qualifying years, for example, you will receive only £3,420.86 a year.
This means you will lose £342 for every year you do not make National Insurance contributions.
If you claim Caregiving Credit, it fills in the gaps in your National Insurance record to help you obtain the full amount.
The statement from property management company Quilter indicated that a shortfall in claiming Caregiving Credit could affect the size of state pensions in the future. Restoring this benefit could help pensioners achieve the necessary level of social protection.
Read also
- Gas Crisis Forces Transnistria to Extend State of Emergency Through 2026
- Ukrainian Strikes Trigger Fuel Crisis in Russia: 56 Regions Face Budget Shortfalls
- 37% of Russia’s Oil Refineries Knocked Out by Strikes: A Heavy Blow to the Federal Budget
- New Gas Services Now Available at Nova Poshta Locations: How Customers Will Benefit
- Up to 2,000 UAH in Cashback: PrivatBank’s June Payouts and Who Qualifies
- Ukrainians' Utility Debt Surpasses 100 Billion Hryvnias: Who Will Be Affected by the New Regulations

