Almost 1 million boost retirement income by deferring state pension

Marina Gerner

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One in 10 people who have reached state pension age - 914,000 UK pensioners - have boosted their state pension by delaying it.

These figures were revealed in a survey of 8,555 people aged over 50 conducted by Saga Investments in February 2016.

For those who qualify for the state pension before April 2016, the perks of deferring their pension are very generous. People who choose to top up their weekly pension can increase it by 1% for every five weeks they defer, which equals 10.4% a year.

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Source Moneywise http://ift.tt/1oVrabY