Hi, my name is jonnyboy1961! applied for my private pension.will I still be entitled to the LCWRA?

jonnyboy1961
jonnyboy1961 Online Community Member Posts: 1 Listener
edited June 2024 in Universal Credit (UC)

hi if I have been awarded LCWRA benefit I already claim universal credit but isn’t enough to cover our bills I’ve applied for my private pension.will I still be entitled to the LCWRA benefit still

Comments

  • poppy123456
    poppy123456 Online Community Member Posts: 64,458 Championing

    LCWRA is part of UC. A weekly/monthly draw down of a pension will reduce your UC £1 for £1 so there’s no financial gain to claiming your pension. For this reason I wouldn’t advise you to do this.

    If you take a lump sum it will be treated as capital. Capital of less than £6,000 is ignored for all means tested benefits. For every £250 or part thereof over that amount there’s a £4.35/month deduction for UC.

    Whichever you decide to do you must report the changes.

  • Albus_Scope
    Albus_Scope Posts: 11,423 Scope Online Community Coordinator

    Hey there @jonnyboy1961 and welcome to the community.

    I can see Poppy is already helping you out with your query, but I just wanted to pop in and say a quick hello. 😊

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