Working beyond the state pension age

Working beyond the state pension age

There's no such thing as an official retirement age. In most cases, you have the right to work as long as you want to. You may have already reached the age when you can start claiming your workplace pension scheme, and it doesn't usually mean you need to stop work in order to start taking those benefits. You should check with your pension company to see if this applies to you.

Equally when you reach state pension age, you have options open to you.

Should you delay taking your state pension?

When you reach state pension age, you need to decide whether to start claiming straight away or not. If you don't need the extra income at the time, you can delay taking your state pension:

  • If you can afford not to claim at state pension age, the pension payments will be higher when you do eventually claim it
  • You can take the amount you defer as a taxable lump sum (with interest), and then get the normal state pension later. You must put off a claim for at least five weeks to earn extra state pension – and at least 12 consecutive months to qualify for a lump-sum payment
  • You can also put off taking any personal retirement savings plan you may have. If you don't need to use your retirement savings at the moment, you can leave them invested until you do. You can read more in Leave it for now and decide later.

Deferring state pensions

There is a lot to be thought about when deciding whether to defer your state pension. It's important to consider all of the pros and cons.

To learn more about state pensions download our detailed guide here.

Download guide

Retire your way

If you're 55 or over, you've got some important choices to make. We'll help you make sense of all your options.

Discover your options

Retirement made easy

Take a look at our tools and calculators designed to help guide you to the future you'll love.

Use our tools

Get in touch

We're here and happy to help. Find out the different ways to get in touch.

Contact us