Hi, my name is ScousA! Looking for advice on cashing in my pension pot

ScousA
ScousA Community member Posts: 2 Listener
edited July 2023 in Employment and Support Allowance (ESA)
Hello. Looking for advice on cashing in my pension pot and receiving a lump sum of approximately £1,500 and whether this will affect my Income Related ESA claim

Comments

  • poppy123456
    poppy123456 Community member Posts: 59,054 Championing
    A lump sum will be classed as capital. Providing your total savings/capital is less than £6,000 then it will have no affect.
  • ScousA
    ScousA Community member Posts: 2 Listener
    Poppy123456 tyvm for the information. I am grateful to you. 🤗

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