Deferring and the 2015 State Pension Changes

polymaff

Those of us reaching SPA at the end of 2015 will be praying that the proposed State Pension changes are implemented just before then.

If it doesn't work out, does anyone know if choosing to defer the State Pension will allow us to be treated under the new regime proposed?

dunstonh

Most legislation on major changes runs late by a good few years. 2015 is almost certainly not going to happen. I wouldnt be surprised if it doesnt happen under this Government. It is unlikely to happen under a Labour Govt as they looked at it during their tenure but bottled out. So, it may not even see the light of day unless the Conservatives can get in next time around.

bigfreddiel

polymaff wrote: »

Those of us reaching SPA at the end of 2015 will be praying that the proposed State Pension changes are implemented just before then.

If it doesn't work out, does anyone know if choosing to defer the State Pension will allow us to be treated under the new regime proposed?

whether it gets in or not defeering your pension willnot make any difference - the new flat rate pension will depend on your actual spa regardless of any deferment - in other words delaying taking your sp willnot affext your spa - that will be whatever it is - currently 65 for men and 61y4m (approx) for women.

so just to summarise the flat rate pension will be based on your spa - not on when you actually take your sp.

hope that helps

fj