![How much tax will I pay on a deferred state pension lump sum under pre-2016 rules? STEVE](https://i.dailymail.co.uk/1s/2024/07/19/11/87531391-0-image-a-6_1721385505784.jpg)
If you deferred your state pension under the pre-2016 rules you get the choice between a lump sum and increased payments. Steve Webb explains the previous generous system - which currently earns you 7.25 per cent interest on your deferred state pension - and what happens in the unfortunate event you die before taking it. Also, what are the rules if you want to defer your state pension now?