My state pension kicks in on the 1st of April this year.

I was offered the option of deferring my state pension until next year when I retire on the promise that I wil get "more" state pension.

When I looked into it "more" is actually bugger all, and you would have to be retired for many years before you made up the difference by not taking it when you are entitled to.

I have recieved a letter saying how much my pension will be but since I am still working until March next year I suspect it will be taxed quite heavily.

And no doubt when I retire next March, because I have 2 company pensions I will still be penalised.

It's really unfair given that I have paid into the state pension pot all my life, why should I be penalised for having a private pension.