Obtaining arrears of pension after retirement age

MarcusHutch

Hello folks,

My wife and I are submitting the requested information and form IPC BR1 GOV NSP.
She is 67.5 and I am 66.5, so we are owed arrears from when we were eligible to claim SP.

Does anyone know if:

• a lump sum is paid for these arrears?
• Or do they limit arrears to 12 months from a certain point?
• Or do they adjust the monthly payments? (Seems too complicated!!)

MTIA

molerat

You can either start your claim from the original date and receive that amount as a lump sum receiving the standard pension going forward.

Or start your claim from now and receive an uprated pension.

Or a mix of both.

Your wife can start her pension from one year ago and receive a lump sum but will receive an enhanced pension based on 6 months deferral.

Brie

Do take care if you are receiving any income related benefits.  If you are and you get the SP back dated and get a lump sum back to the first eligibility date your benefits will need to be reassessed and you will very likely need to pay a substantial amount back.  The same is not true if you simply take the deferred pension without the lump sum.

MarcusHutch

Brie said:

Do take care if you are receiving any income related benefits.  If you are and you get the SP back dated and get a lump sum back to the first eligibility date your benefits will need to be reassessed and you will very likely need to pay a substantial amount back.  The same is not true if you simply take the deferred pension without the lump sum.

Thanks very much Brie. Not on any income related benefits but useful for folks to know.

MarcusHutch

molerat said:

You can either start your claim from the original date and receive that amount as a lump sum receiving the standard pension going forward.

Or start your claim from now and receive an uprated pension.

Or a mix of both.

Your wife can start her pension from one year ago and receive a lump sum but will receive an enhanced pension based on 6 months deferral.

Much appreciated as always.