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Medical retirement

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kane1994
kane1994 Community member Posts: 108 Courageous
edited June 2023 in Universal Credit (UC)
Hi 

I am currently on uc with limited capability to work and work related activity element as well as pip I'm currently awaiting a Dr letter to let my workplace pension know I can no longer work the full pension is £3400 if I took it all out as a lump sum would this affect my benefits? 
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  • poppy123456
    poppy123456 Community member Posts: 55,160 Disability Gamechanger
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    A pension lump sum will be classed as capital for UC. If this takes your total savings to more than £6,000 then there's a £4.35/month deduction for every £250 or part there of over £6,000. For savings of more than £16,000 entitlement to UC ends.

    If you take a weekly/monthly income from a pension then your UC will be reduced £1 for £1. I thought i advised you about this on another thread..
    I would appreciate it if members wouldn't tag me please. I have all notifcations turned off and wouldn't want a member thinking i'm being rude by not replying.
    If i see a question that i know the answer to i will try my best to help.
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