Brits could make extra £14 a week in state pensions with simple trick
The amount a person receives in state pensions usually depends on how much they have paid in National Insurance
Brits could make an extra £14 a week in state pension with a very simple trick.
The state pension is a weekly payment given from the Government to people once they reach a certain age.
The amount you receive usually depends on how much a person has paid by the way of National Insurance.
But there are also other ways to increase how much you get.
One trick is by deferring your pension, which is when a person doesn't claim their weekly money straight away.
Rules differ depending on when a person has reached state pension age.
If you reached the age on or after April 6, 2016 and paid, you must defer the payments for at least nine weeks for the trick to work.
The sum will increase by the equivalent of one percent for every nine weeks.
Ths means that anyone who receives a full stsate pension of £185.15 per week and defer for 52 weeks, they will receive a weekly bonus of £10.70.
But for those who reached the age of state pension before April 6, 2016, they will receive the bonus as long as they defer for at least five weeks.
Those people, who receive a full state pension of £141.85 and defer for 52 weeks, will get an extra £14.75 per week.