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Universal credit and pension
bobby123
Community member Posts: 135 Courageous
Can you start a pension while claiming universal credit
Tagged:
Comments
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Yes. If you’re not working the most you can put in each year is £2880. The government will then top it up to £3600. https://www.moneyhelper.org.uk/en/pensions-and-retirement/pensions-basics/personal-pensions#:~:text=Even%20if%20you're%20not,used%20alongside%20a%20workplace%20pension.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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Will this be classed as depravation of capital if you do this
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It’s only depriving yourself of capital if you have savings of more than £6,000 and put the savings into the pension to gain more benefits.
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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