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Universal Credit and private pension

Jacobia

This is my first time of posting for advice and I wonder if anyone could help with a question I have please.

I am likely to be out of work in January next year and due to my MS, I’ll be unlikely to find other work.

I will apply for universal credit to help my finances but my question is when I reach 55 in April next year could I use small lump sums from my private pension to pay some of my bills annually without affecting my UC payment?

thanks very much

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Comments

Kimi87

The lump sums would immediately be classed as capital.

If you still had under £6000 then this wouldn't be a problem.

Jacobia

thanks Kimi

I’m finding things a bit of a minefield for advice.

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