{"id":4770,"date":"2019-10-14T13:22:23","date_gmt":"2019-10-14T13:22:23","guid":{"rendered":"http:\/\/www.mrlender.com\/blog\/?p=4770"},"modified":"2021-01-05T15:40:39","modified_gmt":"2021-01-05T15:40:39","slug":"stay-at-home-mum-dad","status":"publish","type":"post","link":"https:\/\/www.mrlender.com\/blog\/stay-at-home-mum-dad\/","title":{"rendered":"Stay at Home Parents: Benefits You May Be Entitled to and How to Apply"},"content":{"rendered":"

\"Stay<\/p>\n

At Mr Lender, we offer short term loans between \u00a3200-\u00a31,000.<\/p>\n

\"\"<\/a><\/p>\n

While having a child is a wonderful experience, it can certainly leave a strain on your finances. Though living in the UK means you may be entitled to a variety of benefits and schemes to help manage the cost of having a child. Whether you\u2019re a working parent, a single parent, a stay at home mum or a stay at home dad \u2013 you may very well be entitled to some form of financial assistance. This post from Mr Lender aims to show you which benefits you may be entitled to as a stay at home parent.<\/p>\n\n\n\n\n\n\n\n\n\n\n
\n

CHILD BENEFIT<\/span><\/h3>\n

\"Wallet\"<\/p>\n

The most notable benefit, and possibly one you may have already heard of, is the child benefit allowance<\/a>. This benefit is a small amount which will be paid straight into your bank account every 4 weeks, and is designed to help with the basic costs of raising a child \u2013 for example, food, milk, nappies, etc. For your first child you could be entitled to \u00a320.70 per week, and \u00a313.70 per week for any children thereafter.<\/p>\n<\/td>\n<\/tr>\n

\n

FREE DENTAL CARE AND PRESCRIPTIONS<\/span><\/h3>\n

\"Free<\/p>\n

New mums are also entitled to free dental care and prescriptions<\/a><\/span> with the use of an exemption certificate. Once you find out you\u2019re pregnant, you can take advantage of free prescriptions and trips to the dentist until your child turns a year old. To get the exemption certificate, simply speak to your GP or midwife.<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

SURE START MATERNITY GRANT<\/span><\/h3>\n

\"Baby<\/p>\n

Another benefit which you may be entitled to, whether you\u2019re a stay at home mum or a stay at home dad, is a Sure Start Maternity Grant<\/a>. If you are able to claim this benefit, you could be entitled to a one off \u00a3500 payment to help buy essentials for your child. If you find out you\u2019re expecting triplets, the grant increases to \u00a31,000.<\/p>\n<\/td>\n<\/tr>\n

\n

FREE CHILDCARE<\/span><\/h3>\n

\"Blocks\"<\/p>\n

Currently, all three and four year olds are entitled to 570 hours of free early education or childcare<\/span> <\/a>per year. Depending on your current situation, you may also be entitled if you have a two year old child too. While the 570 hours can be used in any which way you like, most parents will opt for 15hours per week for a total of 38 weeks of the year.<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

LIFETIME ISA<\/span><\/h3>\n

\"Savings<\/p>\n

One other way you can help build your savings for retirement, is to save into a Lifetime ISA<\/a>. If you are aged 39 or younger, you can open a Lifetime ISA (or LISA they\u2019re otherwise known). It is worth saving as much as you possibly can into a LISA, as the government will top up your savings by 25%. You can save up to \u00a34,000 a year in a LISA \u2013 meaning you can earn an additional \u00a31,000 in government bonuses per year. Having a LISA will ensure you can live comfortably once you reach state retirement age.\u00a0Once you are 50, you will be unable to pay into your Lifetime\u00a0ISA\u00a0or earn the 25% bonus. However, your account will remain open and your savings will still earn interest or investment returns.<\/p>\n<\/td>\n<\/tr>\n

\n

CARE TO LEARN<\/span><\/h3>\n

\"\"<\/p>\n

As a stay at home mum or a stay at home dad, you may also be entitled to the Care to Learn<\/a><\/span> benefit. This is a benefit to help cover the cost of childcare for young parents who are still in education. In order to be considered, you must be aged 20 or younger at the start of the course. If you live in the Capital, you could get up to \u00a3175 per week for each child you have. If you live outside of London, the most you may be entitled to is \u00a3160 per child per week.<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

PENSIONS<\/span><\/h3>\n

\"Pensioners\"<\/p>\n

One thing you may want to consider before becoming a stay at home mum or a stay at home dad, is your pension pot is likely to be significantly smaller compared to what it could be if you were working. To qualify for the full State Pension<\/a> of just over \u00a38,000 per year, you will need to have paid National Insurance for at least 35 years. As a stay at home parent, you may still be entitled to claim National Insurance credits, which top up your contributions and could still leave you with enough to qualify for the full State Pension.<\/p>\n<\/td>\n<\/tr>\n

\n

HEALTHY START<\/span><\/h3>\n

\"\"<\/p>\n

One final scheme to consider if you are a stay at home parent, or you\u2019re thinking of becoming one, is the Healthy Start scheme. As part of this scheme, you could be entitled to vouchers which can be spent on milk, both fresh and frozen fruit and vegetables, as well as instant formula milk and free vitamins. Take a look at the Healthy Start<\/a><\/span> website to find out if you qualify.<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

If you\u2019re interested in applying for any of these benefits or grants, you will need to submit an application, where your situation will be considered and a decision will be made as to whether or not you are eligible. Most applications can be submitted online, though you can also contact your local Job Centre if you\u2019re unsure. There are also lots of questionnaires <\/a>online which will help you to get a better understanding of what you may be entitled to \u2013 however, it is important to remember, you will only know for certain what you may be able to once you have submitted an application and a decision has been reached.<\/p>\n

\"Dad<\/p>\n

Mr Lender is a multi-award winning lender and is rated five stars on Trustpilot by customer reviews. So why would you choose anyone else for your short term loans?<\/p>\n

\"\"<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

At Mr Lender, we offer short term loans between \u00a3200-\u00a31,000. While having a child is a wonderful experience, it can certainly leave a strain on your finances. Though living in the UK means you may […]<\/p>\n","protected":false},"author":6,"featured_media":6665,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[296],"tags":[1011,1016,1018,1010,1012,1014,1013,1015,1017],"yst_prominent_words":[3126,3136,3130,3122,3132,2647,3134,3133,3128,1705,3129,1928,3135,3125,3131,3120,3124,3123,3121,3127],"class_list":["post-4770","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-money","tag-benefits-for-childcare","tag-benefits-for-stay-at-home-parents","tag-child-benefits","tag-childcare-benefits","tag-money-for-childcare","tag-stay-at-home-dad","tag-stay-at-home-mum","tag-stay-at-home-parent","tag-what-benefits-am-i-entitled-to"],"jetpack_featured_media_url":"https:\/\/www.mrlender.com\/blog\/wp-content\/uploads\/2017\/06\/Stay-at-home-parents_WEB.jpg","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.mrlender.com\/blog\/wp-json\/wp\/v2\/posts\/4770","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.mrlender.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.mrlender.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.mrlender.com\/blog\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.mrlender.com\/blog\/wp-json\/wp\/v2\/comments?post=4770"}],"version-history":[{"count":14,"href":"https:\/\/www.mrlender.com\/blog\/wp-json\/wp\/v2\/posts\/4770\/revisions"}],"predecessor-version":[{"id":7432,"href":"https:\/\/www.mrlender.com\/blog\/wp-json\/wp\/v2\/posts\/4770\/revisions\/7432"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.mrlender.com\/blog\/wp-json\/wp\/v2\/media\/6665"}],"wp:attachment":[{"href":"https:\/\/www.mrlender.com\/blog\/wp-json\/wp\/v2\/media?parent=4770"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mrlender.com\/blog\/wp-json\/wp\/v2\/categories?post=4770"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mrlender.com\/blog\/wp-json\/wp\/v2\/tags?post=4770"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/www.mrlender.com\/blog\/wp-json\/wp\/v2\/yst_prominent_words?post=4770"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}