Join LinkedIn to get the latest news, insights, and opportunities from over 3 million companies. Ganesh Machinery was established in March of 1985, as a 1,200 sq. ft. family business. In just three short years, the company developed into a 4,000 sq. ft. warehouse, and the growth didn't stop there.
If you die, your spouse or civil partner may be able to inherit some of this additional state pension. To see how much additional State Pension can be inherited, go to www.gov.uk/additional-state-pension/further-information. They can also inherit some additional State Pension from their deceased spouse or civil partner as under the present system. 2  When both partners reach State Pension age after the New State Pension starts in April 2016, a surviving spouse or civil partner will be able to inherit 50% of any protected payment that exists.
If you defer taking your state pension, you can earn either extra state pension or a taxable lump sum. To get a lump sum, you have to put off taking state pension for at least 12 consecutive months (this option will disappear after April 2016).