“This works out as just under 5.8 percent for every 52 weeks.”

For example, if a person is set to receive the full new State Pension amount of £175.20, and defers for 52 weeks, they will receive an extra £10.16 a week, assuming there is no annual increase to the State Pension.

However, for those who reached State Pension age before April 6, 2016, there is a slightly different set of rules.

State Pension will increase if deferred, as long as it is deferred for at least five weeks.

Source link