State pensioners could increase payments by up to £14.75 per week | Personal Finance | Finance

If someone receives the full basic state pension of £141.85 a week, by deferring for 52 weeks, they will get an extra £14.75 per week.

For basic state pension recipients, they can either get their extra state pension as either:

• Higher weekly payments
• One-off lump sum.

After deferral ends, and a person claims their state pension, they could get even more.

This is because the extra amount usually increases each year based on the Consumer Price Index (CPI) level of inflation.

It will not, however, increase for some people who live abroad.