Leaving deferred pension until state pension age (normal pension age is 65)

Hi,

I would be really grateful for some advice please. I currently get Universal Credit and PIP and am 62. I have a fairly small pension pot which is a deferred defined benefit pension from a divorce settlement - it will be payed monthly when I do receive it. The normal pension age for this pension is 65 but as I had seen information regarding being able to defer pensions until state pension age (67 in my case) and it not impacting on universal credit I did ask the pension company about taking the pension from 67 instead of 65. I was advised I would receive a lump sum for the 2 years I deferred the pension at the time the payments start if I do request payment from age 67 . When I receive my state pension and the defined benefit pension I won’t be eligible for pension credit but I did wonder if there could be any problem with me deferring my pension and getting the lump sum at 67. I believe, from what I have read, this would be following the UC rules as I did see a post saying the DWP are not interested in pensions for the purpose of UC unless they are already being paid or you are at state pension age - I would be really grateful to know if that is correct in this case or if there could be any issue with mine being a deferred defined benefit pension and with 2 years pension arrears being paid at age 67. Many thanks in advance for any advice Jane

Hi David, thank you so much for your response. I was not looking for financial advice -sorry if you thought I was - I must admit my query wasn’t very concise! I just wanted to check that, within universal credit rules, there would be no issue in me waiting until I am state pension age to start receiving payments from my pension as I did not want any issues but it sounds like that is fine. Thanks again Jane