1. How to defer your State Pension

You don’t have to do anything to defer your State Pension - it will automatically defer until you claim it.

If you get benefits and you want to defer your State Pension, you must tell the Pension Service.

What you’ll get

You may get extra State Pension if you defer your claim. How much you can get depends on when you reach State Pension age.

You can’t get extra State Pension if you get certain benefits.

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

Find out how much extra State Pension you could get if you reach State Pension age on or after 6 April 2016.

If you reach State Pension age before 6 April 2016

You can take your extra State Pension as either:

  • higher weekly payments
  • a one-off lump sum

You have 3 months after you make your claim to decide how you want to take your extra State Pension.

Higher weekly payments

You can get higher weekly State Pension payments if you defer for at least 5 weeks.

Your State Pension will increase by 1% for every 5 weeks you put off claiming. This is the same as 10.4% for every full year you put off claiming.

You get the full State Pension of £115.95 a week.

Your basic State Pension will be £6,029.40 a year.

By deferring for a year, you’ll get an extra £627 a year (£12.05 extra a week).

After you claim, your extra State Pension will usually increase every year with inflation (based on the Consumer Price Index).

Lump sum payment

You can choose to get a one-off lump sum payment if you put off 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.

Your extra State Pension counts as income - you may have to pay tax on it.

Get help and advice

Contact the Pension Service if you need help.

Read more guidance on deferring your State Pension.