State pension UK: How to boost your payments beyond triple lock increases – take action

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State pension payments are guaranteed to increase every year under triple lock rules, with payments rising by the highest of 2.5 percent, inflation rates or averaged earnings. Many expect earnings to rise by eight percent over the coming months, pushing payments up by eight percent.

However, it may be possible to increase ones pension even beyond this through deferral.

As a person approaches their state pension age, they are not required to claim it.

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They can defer (or delay) taking their state pensions and if this is done for a certain amount of time, the payments will increase even beyond their “full” amounts.

Currently, the full state pension is £179.60 per week which requires at least 35 years of National Insurance contributions to receive.

READ MORE: State pension NI credits can be transferred between partners

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State pensions are usually referred before they are claimed but it is also possible to pause payments once they’re being received.

Retirees can contact the Government to pause their state pension payments and so long as this is done for a certain amount of time, they could be increased by the time they’re eventually reclaimed.

It should be noted however that state pensions can only be paused once when they’re claimed, so retirees will need to plan this out carefully.

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For those who have offered their state pensions for a year or less, they can be claimed online.

Additionally, these deferred state pensions can be claimed over the phone or through the post.

For state pensions that have been deferred for more than a year, retirees will need to call the Pension Service to claim them.

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To be eligible for a state pension initially, a person will need to have reached the state pension age.

For most people, this will be the age of 66.

However, the state pension age will be increasing over the coming years.

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The state pension age will be rising to 67 between 2026 and 2028.

Beyond this, it will rise to 68 by 2046.

Full details on the state pension rules can be found on the Government’s website.

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