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Chronicle Live
Chronicle Live
Business
Linda Howard & Sonia Sharma

State Pension payment delay warning for anyone reaching retirement age this year

People approaching retirement age are being reminded of the procedure of claiming State Pension - or risk their payments being delayed.

State Pension is available for those who have reached the Government’s eligible retirement age, which is currently 66 for both men and women, and have paid at least 10 years' worth of National Insurance Contributions. However, many people approaching the official retirement age in 2023 may not be aware that this contributory benefit is not paid automatically by the Department for Work and Pensions (DWP) and needs to be claimed, or they could miss out on payments of up to £185.15 every week.

It is not paid automatically when someone reaches State Pension age as some people choose to defer making a claim in order to keep working and generate more towards their pension pot, especially if they have not paid the full quota of 35 years' worth of National Insurance Contributions

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