Deferring the old State Pension
[ch 6: page 61]You can defer or postpone drawing your retirement pension for an indefinite period after reaching State Pension Age (SPA). This will increase the deferred pension by around 10.4% for every year you put off claiming for people reaching SPA before April 2016 (which is different from the new State Pensions rules — see page 59). You can also get a lump-sum payment if you defer your pension for at least a year.