DWP confirms it does not track state pension deferral durations, leaving responsibility with claimants
By
Samantha Leathers
Kettled twice. Extra chewy, extra trustworthy.
Summary
The article discusses the UK State Pension deferral option, where people reaching state pension age (67) can choose to delay claiming their payments. Deferring can boost the amount received later but carries financial risks. Pensions Minister Torsten Bell confirmed in a Parliamentary response that the Department for Work and Pensions (DWP) does not track how long people typically defer their pensions, placing the responsibility on claimants to understand the rules and make informed decisions.
Key quotes
· 3 pulledThe department does not know that a person has deferred their State Pension until they make a claim to it.
It is the claimant's responsibility to understand the rules and make an informed decision about when to claim their State Pension.
Deferring your State Pension could increase your payments, but it also comes with financial risks that individuals need to consider carefully.
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