4min chapter

The Martin Lewis Podcast cover image

10 ways to pimp your pension (& warranty schmarranty)

The Martin Lewis Podcast

CHAPTER

The Benefits of Deferring Your State Pension

You can defer taking your state pension to get paid more, but is it worth it? You can even if you're already on your state pension defer getting it. But the issue of deferring is not really about, should I wait and get more money, it's about one thing. Tax. By deferring you may pay less tax in the future than you would taking it now. The biggest consideration - there are others if you're on benefits too - about deferring is actually your tax situation. We've got money helper online, we don't really need to go to them for this question. Free help and guidance is available one on one online on the phone. If you're under

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