I deferred my state pension two and a half years ago, I’m a bit numerically challenged so didn’t really understand the ins and outs but my husband was still working and I thought it was a way of saving until his retirement. However I’ve now looked more closely at the government website and not so sure I should leave the money there. Apparently I can take it as a lump sum or add it to my pension. Well I worked it out that I’d probably be dead before I recuperated what I’d put in if I add it to my state pension. The other thing that worries me a little is that if I drop dead the whole lot is lost. I’m hoping some clever gransnetter could take a quick look at the websit and give me an opinion? I get the higher percentage if I add to my pension but 2 percent if I take the lump sum.
Things you find stressful that other people don't notice.