One in nine UK pensioners have deferred state pension

As of September 2016, 1.56 million (11%) of the 12.95 million people in receipt of their state pension had deferred it, according to a freedom of information request submitted to the DWP by Old Mutual Wealth (OMW). Of those one and a half million to have deferred, almost one-third received a lump sum, which was an option available from April 2005 to April 2016. Those within four months of being able to claim their state pension age can either choose to claim it or do nothing. If someone chooses the latter option, their pension would then be automatically deferred until they decide to ...