LRD guides and handbook March 2015

State benefits and tax credits 2015

Chapter 5

Deferring your state pension

[ch 5: page 70]

You can defer or postpone drawing your retirement pension for an indefinite period after reaching State Pension Age. This will increase the deferred pension by around 10.4% for every year you put off claiming. You can also get a lump-sum payment if you defer your pension for at least a year.