Nearly two-thirds of parents were not aware they could receive a £720 top-up from the Government into their pension pots. When a person is out of work, such as on maternity leave, a partner or relative can pay up to £2,880 annually towards their pension.

Under the scheme introduced decades ago, HMRC automatically tops this up by 25%, effectively giving the person out of work up to £720 for free annually. However, Octopus Money research found that 63% of parents had never heard of this policy, based on a survey of 1,000 adults.

People taking money from pension pots could be owed tax refund of £3,800

Benefits people can no longer claim after reaching State Pension age

With many women taking long-term periods out of work due to maternity leave, the disparity has the potential to impac

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