State pension: How much do you get if you delay or defer payments?



State pension is something most Britons will get, provided they have paid enough national insurance in their life.

If you delay your state pension do you get more?

If you delay your state pension the government website reveals your state pension will increase with every week you defer.

This only happens if you defer claiming your state pension for at least nine weeks.

The government states: “Your State Pension increases by the equivalent of one per cent for every nine weeks you defer.

“This works out as just under 5.8 per cent for every full year.’

If you qualify for the new state pension (£164.35 a week) you will get an extra £493 for deferring for one year.

Who should defer their pension?

Steven Cameron, pensions director at Aegon told that certain people may get a better deal from deferring.

He said: “It also varies by health for example. Women tend to live longer than men too so they may arguably get a better deal out of it.”

He added: “Broadly speaking [if you reached state pension age after 6 April 2016] you would need to live a further 17 years before deferring for one year starts to make sense.”

If you are in prison, the government said: “You won’t build up extra State Pension until you leave prison.”

How will state pension age change in 2019? 

The government is changing the state pension to 68, which it claims is in line with increases in life expectancy.

The government states: “The State Pension age is regularly reviewed to make sure that the State Pension is affordable and fair.”

How much of my pension will my spouse inherit if I die?

The government states that you “might” be able to inherit an extra payment in addition to your new state pension.

If you are a woman born before 6 April 1950 you will still get some state pension if you have worked a minimum of 10 years, however it is less than the full amount.

You may be able to inherit additional state pension to top up your own if you are a woman born before 6 April 1953.

The additional state pension is part of your partner’s pension, which you can inherit if they die.

The maximum you can inherit is 50 per cent of your spouse or civil partner’s second state pension.


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