Protected Payment

6 Apr 2016.

Deferring the new State Pension; New State Pension if you paid.

above this as a 'protected payment', which will increase with inflation.

For the member to protect their pay at the higher rate we first need to establish which protection they fall under. Protection of Pay. If the member's pay is reduced .

It will be paid with your State Pension. Additional State Pension. Inheriting half of a partner's Protected Payment. Under the new State Pension, people will receive .

The part of your starting amount which is above the full new State Pension is called your 'protected payment'. This is paid on top of the full new State Pension.

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