Summary
QI AM approaching state retirement age but do not currently require my state pension, as I am in good health and still in full- time employment. What are my options? AYoU can defer your state pension and increase the value of this benefit over time. if you put off claiming it for at least five weeks you can earn an increase of one per cent for every five weeks you put off claiming.
if you put off claiming your state pension for at least 12 consecutive months - which must all have fallen after April 5, 2005 - you may want to choose to receive a one-off lump sum payment and have your state pension paid at the normal rate instead of an income increase.See the full content of this document
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Q&a ; Your Money
You can put off claiming for as long as you want in order ...
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