Hello all,
I am currently trying to prepare training notes on the rules for deferral of state pension, but i’m not sure that i am really understanding it myself.
My problem is with dates (story of my life….)
Where a pensioner has deferred drawing their pension for over a year and then decides to take a lump sum. If the lump sum is paid to them on a Monday, am i correct in thinking the capital and the disregard are applied to their claim from that Monday? (but if paid on the Tuesday- it takes effect from the following Monday).
But if the customer decides to take the increased weekly amount of State Pension- if it is paid from a Monday, it would only take effect from the following Monday??
Or am i reading A19/2005 incorrectly?
Any help would be much appreciated.
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