Is it a lump sum that you get?

I thought you simply receive a larger weekly pension once it begins.

You can take as a lump sum after 1 year or just keep deferring until you want it.

Been in touch with my TD adviser and to be honest I’m not sure she fully understands things. I was told, over the phone, I would not be allowed to defer my State Pension. When I queried this I was just given a link to DWP site. Advised her that the DWP confirmed I can defer my State Pension until I am ready to take it. I advised TD person of this fact and I’ve just been to
told to let them know when I receive my pension. Doesn’t fill me with confidence.

Understood.

It might just be best to sit back and, if/when you choose to start receiving your pension, let them know then.

Thanks for that. I am deferring for at least a year. My dilemma is that my TD finishes next September when I can take my deferred pension or I can defer it for longer. If TD finishes and I receive pension, say two months later, would the Trustee be able to claim monies back?

Hi SunnyM,

I guess the point at which none of this would be a concern for you will be the date that you are discharged from the trust deed.

Thanks TDA... another weight off my shoulders. I had started not sleeping again because of the worry over this.

I'm glad that you feel more reassured now SunnyM.

One way or another I'm sure this will work out in a way that you're reasonably content about.