nav[aria-label="Primary Navigation"] { padding: 0; & ul { list-style: none; width: 100%; display: flex; flex-direction: row; justify-content: start; align-items: start; gap: 30px; padding: 0; & li { margin: 0; } & ul li { list-style: none; } } }

We want to hear from you: please tell us about your experience of the online community.

Cash SIPP and universal credit capital allowance

johnjosef

Hi i am thinking of putting cash into a cash SIPP.Due to long-term illness, we’ve been unable to work claiming uc, and live on welfare benefits. I have no intention of taking any income from the SIPP until my official retirement. My question is would the DWP recognise my SIPP as a locked away pension which wouldn’t impact on welfare benefits? Or would it be classed as capital in a savings account?

Find more posts tagged with

Comments

poppy123456

Money in any pension pot is disregarded until you reach state pension age. (Unless you withdraw from it usually from age 55)

Component react.suggestedcontent had an error.

The value must be greater than or equal to 1.

Sign in or register for free

Get more out of your online community by signing in or registering