Deferring State Pension: What happens if I defer my State Pension and die
published 29.07.2020 10:20
READ MORE- State Pension UK: This is how pensioners can boost their entitlement If you reached State Pension age before April 6, 2016 and defer your payments, you have a decision to make.
You can usually take your State Pension as either higher weekly payments, or a one-off lump sum.
State pension UK: Why you may miss out on increasing payment [INFORMER] National Insurance: How to defer contributions [INSIGHT] State Pension: It’s possible to inherit a spouse's payments [EXPLAINER] How your partner inherits your pension depends on how long your State Pension was deferred for.
If your deferred your State Pension by a year or more, they can usually choose to inherit it as a lump sum or as weekly payments.
If you deferred your State Pension by between five weeks and a year, they will inherit it as weekly payments.