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The latest data from the Department for Work and Pensions (DWP) indicates that many people are unaware of the option to defer claiming their State Pension which can lead to a higher income during retirement. ‌

Analysis of the data by retirement specialist Just Group , found that two-thirds (66%) of those aged 40-65 said they were not aware of the option to delay taking the State Pension beyond the State Pension age. Of the 34 per cent who did know they could delay, a third (33%) were unsure what the impact of deferring would be on their regular payments and an additional 8 per cent either thought they would receive the same amount or less. ‌

The data also reveals low levels of people deferring the State Pension with only 10 per cent of adults aged 66-75 saying that th

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