State pension: How to raise payments above next week’s increase – should you defer? | Personal Finance | Finance

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However, the DWP has confirmed from April 12 state pensions will rise by 2.5 percent, adding over £200 to payouts.

Regardless of what a person will get, it should be noted state pensions will not be paid automatically, they’ll need to be claimed.

If a person chooses not to claim their state pension when they reach retirement age it will automatically be deferred.

If a state pension is deferred, the payments can be boosted even beyond the “full” amount when they’re eventually claimed.

READ MORE: Pension warning: UK has lowest pension contributions in the OECD





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