The HM Revenue and Customs (HMRC) is functioning with the Department for Work and Pensions (DWP), to pay £5,000 to the pensioner women who didn’t receive National Insurance Credits and Home Responsibilities Protection. The women who didn’t receive child benefit between 1978 and 2000 are eligible for the payment. Now, HMRC is working to ensure that each woman who didn’t receive the HRP credits will receive the payment soon.
Around 210,000 eligible citizens are going to be benefited by this one-time aggregated amount of £5,000. There is a due payment of about £1.3 billion, and seniors who are in their 60s and 70s will receive the payment. The Pension Minister announced that eligible candidates who are alive will receive an estimated amount of £5,000. Deceased beneficiaries will receive around £3,000.
Focal Points of £5,000 HMRC Payment Benefit 2024
| Article | £5000 HMRC Payment Benefit 2024 |
| Country | United Kingdom |
| Governing Body | Department for Work and Pensions |
| Beneficiaries | Senior Women who didn’t receive child benefit between 1978 and 2000 |
| Payment Type | One-time |
| Payment Amount | £5,000 |
| Post Category | Finance |
| Official site | GOV.UK |
Eligibility Criteria
There are a few key factors to keep in mind to qualify the eligibility criteria.
- Claimants didn’t receive the HRP credits between 1978 and 2000. Their 1 National Insurance liabilities must not be more than £100,000.
- The child benefits must be on the claimants name not on their partner’s name.
- The Claimant’s child must not be older than 16 years.
- Claimants must not have paid a reduced stamp rate as a married woman.
Payment Dates
The DWP noticed that there are some pensioners who haven’t got any increment in their pensions. The HM Revenue and Customs (HMRC) addressed the problem and stated that there is a significant amount of £5,000 that is unpaid to the pensioners. HMRC researched more about the situation and found that around 210,000 seniors are underpaid and the HMRC owes them a good chunk of the amount.
The payment dates are not yet declared by the HMRC. But, they have reported that they will be working with the DWP to figure out the resolution within the next 18 months.
Latest Updates
To address the issue, the HMRC has begun a “correction campaign”. The error has caused the underpaid pensions. Pensioners who were affected by the issue must have received a brown envelope. It has a letter disclosing about the underpayments.
| Home Page | https://baltimoreoutloud.com/wp/ |
People who think that they were underpaid, please check your state pension and NI records. Claimants can also use the online checker tool of the UK government.
FAQs of £5,000 HMRC Payment Benefit 2024
Senior women who didn’t receive the HRP credits between 1978 and 2000.
Eligible people will receive around £5,000. People who passed will receive around £3,000.
Soon, the HMRC will declare the payment date.
Payments will be made within 18 months. The DWP and HMRC are working on this to resolve the issue as soon as possible.
Calista Embry is a finance journalist who graduated from Johns Hopkins University. She has a passion for writing and researching the impact of finance on social life.