Uc and savings

kane1994
kane1994 Community Member Posts: 117 Contributor
in Universal Credit (UC)
Hi, I'm in the process of asking my Dr for a letter to see if I can get my £4000 pension pot early due to ill health.

Would this in anyway affect my universal credit payment and reduce my income long term. 

Any advice is appreciated 

Comments

  • poppy123456
    poppy123456 Community Member Posts: 64,375 Championing
    A lump sum will be treated as capital so unless this brings your total capital to more than £6,000 it will not affect your UC.

    If you withdraw a weekly income then it will reduce your UC £1 for £1.

Categories