Contribution based ESA & pension drawdown

Linda62
Online Community Member Posts: 2 Listener
Hi,
My husband receives Contribution based ESA & we need to take a lump sum from his private pension to buy a car as ours has died. He has already taken the 25% tax free so he will have to pay tax in this withdrawal. Will it affect his ESA payments?
Any advice would be greatly appreciated.
My husband receives Contribution based ESA & we need to take a lump sum from his private pension to buy a car as ours has died. He has already taken the 25% tax free so he will have to pay tax in this withdrawal. Will it affect his ESA payments?
Any advice would be greatly appreciated.
0
Comments
-
Contributions based ESA isn’t means tested so it won’t affect it.0
-
Thank you poppy123456, I thought that should be the case but wanted to check as he would now have to pay tax on this withdrawal. We are looking for around £8k.
I’ve read so many things, I’m just confused!0 -
@linda62 Welcome to the community!
I'm glad Poppy was able to help with your query. Sorry to hear the car died! Hope it hasn't been too stressful!
0
Categories
- All Categories
- 15K Start here and say hello!
- 7.1K Coffee lounge
- 83 Games den
- 1.7K People power
- 109 Announcements and information
- 23.8K Talk about life
- 5.6K Everyday life
- 332 Current affairs
- 2.4K Families and carers
- 860 Education and skills
- 1.9K Work
- 508 Money and bills
- 3.5K Housing and independent living
- 1K Transport and travel
- 873 Relationships
- 254 Sex and intimacy
- 1.5K Mental health and wellbeing
- 2.4K Talk about your impairment
- 859 Rare, invisible, and undiagnosed conditions
- 916 Neurological impairments and pain
- 2.1K Cerebral Palsy Network
- 1.2K Autism and neurodiversity
- 38.6K Talk about your benefits
- 5.9K Employment and Support Allowance (ESA)
- 19.3K PIP, DLA, ADP and AA
- 7.9K Universal Credit (UC)
- 5.5K Benefits and income