§ Lord Vinsonasked Her Majesty's Government:
If a male pensioner of 65 elects to postpone receiving his old age pension until age 70, what age he will have to reach in order to recover, by way of an enhanced pension, the income forgone, and thereby reap any additional benefit. [HL3966]
§ The Parliamentary Under-Secretary of State, Department for Work and Pensions (Baroness Hollis of Heigham)Such a person would have to reach the age of 84, assuming no uprating and no investment return on the income forgone. Whether it is worthwhile to defer retirement pension depends on the circumstances of the person concerned.