Can the State Pension Payment be Postponed?
You could choose to delay the receipt of state pension. You receive a credit for deferment of a 1% increase in your State pension for every 9 weeks deferred, which works out to around 5.8% per year uplift.
If your pension is £100 per week,
then a deferred pension will become;
£101 per week after 9 weeks
£105.8 per week after a one year deferment
The extra amount is paid every week of your life, but stops on death.
We have prepared a free sample of the letter to elect to keep you pension taxed under the old rules.
ProACT Sam discusses the in depth issues for families and businesses living and working abroad with the looming EU Brexit for Expats early in 2019.
Contact us, ProACT EU Brexit for Expats Experts, for a free review and guidance.