There aren’t many good deals available in the UK when it comes to pensions. That’s why we have long rather liked the idea of deferring your state pension. Why? Because if you do, you can make rather a nice return.
There are two ways of deferring. You can defer for up to five years and then get your money paid out as a lump sum, plus compound interest of 2% over the base rate. This is a perfectly good return relative to those available elsewhere on cash, at the moment, and it is also an effective way to force yourself [...]