Pirahna wrote: ↑Sun Nov 05, 2023 8:12 am1% for every 9 weeks apparently.Potter wrote: ↑Sun Nov 05, 2023 7:22 am
The state pension goes up by a reasonable amount if you defer it, (don't quote me but I'm sure I checked and it's something like 10% a month extra for every year you defer it). I don't intend to take my pension until I need it, hopefully we'll have enough money to see us into our eighties so I'll probably defer it for as long as possible, then if/when our money runs out we'll have good state pensions and not have to worry.
https://www.gov.uk/deferring-state-pension/what-you-get
I knew I'd read it somewhere, it's not applicable to me but if you reached the state pension before 2016 and defer then it's 10%...
Example
You get £156.20 a week (the full basic State Pension).
By deferring for 52 weeks, you’ll get an extra £16.24 a week (10.4% of £156.20).