Deferring your state pension means putting off when you receive it. This can be particularly useful if you are still working and can mean that you receive a larger weekly payment when you do opt to receive it.
Alternatively, you can receive the deferred amount as a lump sum. You can also defer receiving your state pension after you have started to receive it, though you can do this only once.
As to whether it is worth deferring your pension, this depends on how long you live. As a basic rule of thumb, if you defer receiving your state pension for two years and then live longer than a further ten years once you begin to take it, you will end up receiving more.
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