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

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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
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  • poppy123456
    poppy123456 Community member Posts: 55,140 Disability Gamechanger
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    A lump sum will be classed as capital. Providing your total savings/capital is less than £6,000 then it will have no affect.
    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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  • ScousA
    ScousA Community member Posts: 2 Listener
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    Poppy123456 tyvm for the information. I am grateful to you. 🤗
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