What you'll get

The amount of extra State Pension you could get depends on when you reach State Pension age.

If you reach State Pension age on or after 6 April 2016

Your State Pension will increase every week you defer, as long as you defer for at least 9 weeks.

Time spent in prison or when you or your partner get certain benefits does not count towards the 9 weeks.

Your State Pension increases by the equivalent of 1% for every 9 weeks you defer. This works out as just under 5.8% for every 52 weeks.

The extra amount is paid with your regular State Pension payment.

Example

You get £221.20 a week (the full new State Pension).

By deferring for 52 weeks, you’ll get an extra £12.82 a week (just under 5.8% of £221.20).

This example assumes there is no annual increase in the State Pension. If there is an annual increase, the amount you could get could be larger.

If you or your partner get benefits

Your State Pension will not increase while you or your partner are getting certain benefits

If you’re in prison

Your State Pension will not increase when you’re in prison. 

If you reached State Pension age before 6 April 2016

You can usually take your extra State Pension as either:

  • higher weekly payments
  • a one-off lump sum

When you claim your deferred State Pension, you’ll get a letter asking how you want to take your extra pension. You’ll have 3 months from receiving that letter to decide.

Higher weekly payments

Your State Pension will increase every week you defer, as long as you defer for at least 5 weeks.

Time spent in prison or when you or your partner get certain benefits does not count towards the 5 weeks.

Your State Pension increases by the equivalent of 1% for every 5 weeks you defer. This works out as 10.4% for every 52 weeks.

The extra amount is paid with your regular State Pension payment.

Example

You get £169.50 a week (the full basic State Pension).

By deferring for 52 weeks, you’ll get an extra £17.62 a week (10.4% of £169.50).

This example assumes there is no annual increase in the State Pension. If there is an annual increase, the amount you could get could be larger.

Lump sum payment

You can get a one-off lump sum payment if you defer claiming your State Pension for at least 12 months in a row. This will include interest of 2% above the Bank of England base rate.

You’ll be taxed at your current rate on your lump sum payment. For example, if you’re a basic rate taxpayer your lump sum will be taxed at 20%.

If you or your partner get benefits

Your State Pension will not increase while you or your partner are getting certain benefits

If you’re in prison

Your State Pension will not increase while you’re in prison. 

Annual increases

After you claim your State Pension, the extra amount you get because you deferred will usually increase each year based on the Consumer Price Index. It will not increase for some people who live abroad.

Get help

Contact the State Pension claim line if you need help.

  1. Step 1 Check when you can retire

  2. and Check how much pension you could get

  3. Step 2 Increase your pension

    You might be able to increase the amount you get if you delay your pension.

    1. Find out about delaying your pension

    You might be able to pay voluntary contributions to fill in gaps in your National Insurance record (such as, from when you were not working or claiming benefits).

    1. Check if you can pay voluntary National Insurance contributions

    For advice about increasing your workplace or private pension, speak to a financial adviser.

    1. Find a financial adviser through Unbiased
  4. Step 3 Check what other financial support you could get

  5. Step 4 Decide when to retire