If you have made at least 10 years of National Insurance contributions, the state will give you the choice to access one year of your state pension a year early. That’s £11,973 as a cash sum.
This is not free money. Your choice would be to delay your state retirement age for a year and in exchange, receive the lump sum.
For most people reading this, that would mean putting the age at which you can claim your state pension back from 68 to 69.
Andrew Lewin MP and the Social Market Foundation are working to take the Citizens Advance from concept to detailed policy. They want to hear your views.