Deferring your State Pension: how much can you get and is it worth it?

November 9, 2016 | 5years | Retirement Planning News

You can boost your State Pension by up to 10.4% each year by delaying it even if you have retired already!


Trick to boost your State Pension

There’s no way to access your State Pension benefit before you hit your State Pension age but you can delay when you receive it.

This might sound like a weird thing to want to do but it could result in you getting higher weekly payments or even a lump sum boost of up to 10.4% for each year you put it off.

This guide takes a look at how deferring the State Pension works, what you could receive and the pros and cons of doing it.


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