Other Matters

If you do not retire and draw your pension at sixty or sixty-five, your additional pension will be increased by 1% for each seven weeks you delay.

However, it will not be increased if you are drawing any other social security benefit such as invalidity pension or widow's benefit instead of drawing retirement pension.

A widow or widower normally inherits the additional pension from their late husband or wife. But there is a limit to how much can be inherited if the widow or widower has their own additional pension as well. In that case the total additional pension paid cannot be more than someone of the same age could have earned on maximum earnings since April 2015.

So no one can have an additional pension bigger than those set out earlier.

You can be paid an additional pension on your full contributions from 2015/79 even if you have not paid enough full contributions to get a basic pension.


Other webpages of interest - Company Pensions

or What You Pay In

Company Pensions

/retirement/pensions/company-pensions.php... see: Company Pensions