Think before deferring your state pension

Delaying your state pension won’t be the right move for everyone, says David Prosser.

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Snoozing your pension may not be a good idea
(Image credit: OcusFocus)

Although new rules have made deferring your state pension significantly less attractive, it remains a popular option. However, the people who choose to put off receiving their payments could be making an expensive mistake.

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David Prosser
Business Columnist

David Prosser is a regular MoneyWeek columnist, writing on small business and entrepreneurship, as well as pensions and other forms of tax-efficient savings and investments. David has been a financial journalist for almost 30 years, specialising initially in personal finance, and then in broader business coverage. He has worked for national newspaper groups including The Financial Times, The Guardian and Observer, Express Newspapers and, most recently, The Independent, where he served for more than three years as business editor.