Break-Even Point When Defer your State Pension

Published / Last Updated on 14/02/2022

You achieve a full UK state pension after accumulating 35 years social security credits. The full state pension is currently £179.60 per week or £9,371.27 per year. This will increase in April 2022.

Deferring State Pension:

By deferring, your State Pension will increase every week you defer, as long as you defer for at least 9 weeks.

It will be increased by the equivalent of 1% for every 9 weeks you defer. This works out as just under 5.8% for every 52 weeks and 11.56% if you defer for 2 years i.e., 104 weeks.

The extra amount is paid with your regular State Pension payment.

Example: You get £179.60 a week (full state pension for 2021/22). By deferring for 1 year (52 weeks), you will get an extra £10.42 per week (just under 5.8% of £179.60).

Age	State Pension from Age 67 + inflation 2.5%pa	Cumulative Total Received from Age 67	Defer State Pension to Age 68 = 1 year = £10.42 pw extra + inflation 2.5%pa	Cumulative Total Received from Age 68	Defer State Pension to Age 69 = 2 years = £20.76 pw extra + inflation 2.5%pa	Cumulative Total Received from Age 69
67	£9,371.27	£9,371.27	£0.00	£0.00	£0.00	£0.00
68	£9,605.55	£18,976.82	£10,160.94	£10,160.94	£0.00	£0.00
69	£9,845.69	£28,822.51	£10,414.96	£20,575.90	£10,925.21	£10,925.21
70	£10,091.83	£38,914.35	£10,675.34	£31,251.23	£11,198.34	£22,123.55
71	£10,344.13	£49,258.47	£10,942.22	£42,193.45	£11,478.30	£33,601.85
72	£10,602.73	£59,861.21	£11,215.77	£53,409.23	£11,765.26	£45,367.11
73	£10,867.80	£70,729.01	£11,496.17	£64,905.40	£12,059.39	£57,426.49
74	£11,139.50	£81,868.50	£11,783.57	£76,688.97	£12,360.87	£69,787.37
75	£11,417.98	£93,286.48	£12,078.16	£88,767.13	£12,669.89	£82,457.26
76	£11,703.43	£104,989.92	£12,380.12	£101,147.25	£12,986.64	£95,443.90
77	£11,996.02	£116,985.93	£12,689.62	£113,836.86	£13,311.31	£108,755.21
78	£12,295.92	£129,281.85	£13,006.86	£126,843.72	£13,644.09	£122,399.30
79	£12,603.32	£141,885.17	£13,332.03	£140,175.75	£13,985.19	£136,384.49
80	£12,918.40	£154,803.57	£13,665.33	£153,841.09	£14,334.82	£150,719.31
81	£13,241.36	£168,044.93	£14,006.96	£167,848.05	£14,693.19	£165,412.51
82	£13,572.39	£181,617.32	£14,357.14	£182,205.19	£15,060.52	£180,473.03
83	£13,911.70	£195,529.02	£14,716.07	£196,921.26	£15,437.04	£195,910.06
84	£14,259.50	£209,788.52	£15,083.97	£212,005.23	£15,822.96	£211,733.03
85	£14,615.98	£224,404.50	£15,461.07	£227,466.30	£16,218.54	£227,951.56
86	£14,981.38	£239,385.88	£15,847.60	£243,313.89	£16,624.00	£244,575.56
87	£15,355.92	£254,741.80	£16,243.79	£259,557.68	£17,039.60	£261,615.16
88	£15,739.82	£270,481.62	£16,649.88	£276,207.56	£17,465.59	£279,080.75
89	£16,133.31	£286,614.93	£17,066.13	£293,273.68	£17,902.23	£296,982.98
90	£16,536.64	£303,151.57	£17,492.78	£310,766.46	£18,349.78	£315,332.76
The weekly increase examples assume there is no annual increase in the State Pension. If there is an annual increase, the amount you could get could be larger.

Break-Even Point When Defer your State Pension

Published / Last Updated on 14/02/2022

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