LRD guides and handbook March 2015

State benefits and tax credits 2015

Chapter 5

Deferring new State Pension

[ch 5: page 73]

There will be new rules for deferring or postponing a claim for new State Pension. You will be able to defer for at least nine weeks. Your state pension will increase by 1% for every nine weeks you put off claiming. This works out at just under 5.8% for every full year you put off claiming.