State Pension deferral
State Pension deferral means putting off claiming your State Pension, when you reach State Pension age, or choosing to stop claiming it after having claimed it for a period.
From 6 April 2005, if you choose to put off claiming it for a while, you may be able to get a higher State Pension, or the choice of a one-off taxable lump sum payment when you do finally claim.
This change is designed to give you more choice in how and when you retire by making it more attractive to delay taking your State Pension.
- Find out more about State Pension deferral on The Pension Service website