State Pension Deferral?

July 1st, 2015

Many of those approaching retirement should consider deferring their state pension, says the Mail. Those reaching state pension age before next April are entitled to a 10.4% increase in their state pension for every year they defer drawing it. This can produce a sizeable increase in retirement income and should be considered by anyone who doesn’t urgently need that income straight away.

Government figures show that last year only 8% of people did defer their pension.