My parents are both retired, my father receives a state pension and a private work pension. My mother was a housewife all her life mainly due to bringing us up and she did suffer from some medical conditions.
An accountant friend advised them to defer the pension because they didn't need the money at the time and that they would get a better return by deferring.
So anyway my parents have decided to apply for her Pension. I tried to help them complete it online but the system wasn't allowing my Mother to register - so I have asked for them to send me a form. I have a couple of questions.
1) What date should I say for her pension claim to start from? From the day she turns 65?
2) Is it better to ask for a lump sum or extra pension income?
3) Is the lump sum taxable as my mother does not work?
4) Can you get an indication of what the amounts involved might be before agreeing to them?
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