Deferring your state pension
[ch 6: page 77]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 peole reaching SPA before April 2016 and 5.8% a year for those reaching SPA after April 2016. You can also get a lump-sum payment if you defer your pension for at least a year.