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Universal Credit Help - can I pay my mortgage with a pension lump sum?

DMW19

Hi. I’m about to lose the child element from UC for my son, also child benefit. I’ve been trying to overpay what I can on my mortgage so the reduction isn’t as hard hitting. I have a small pension pot of £5,500 which I would like to pay straight into my mortgage but don’t understand the rules on UC as only migrated recently and takes some understanding. My income is LWRCA contributions, UC and eldest son pays £40 a week board. I am in receipt of PIP but at renewal/assessment stage and If not awarded then will not be fighting as not well enough so not including this in income. When I receive this payment how do UC need to be informed please. Could someone walk me through the journal please as it’s so complicated. The whole payment will be paid into the mortgage.

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Comments

DMW19

Rosie_Scope

Hi @DMW19, Welcome to the community. You can sometimes use money to pay off debts if you have evidence of this, but just to be sure, it may be worth speaking to a benefits professional who can look at your claims in more detail and tell you the best way of doing things. Turn2us have a search tool here in case that's something you'd like to do: https://advicefinder.turn2us.org.uk/

I'm sure there will be some members who have had a similar experience, so I hope they'll find your post and offer some advice soon too. Hope you'll enjoy your time on the community ☺️

DMW19

Hi and thank you for the welcome. Struggling to find anyone who has knowledge of Universal Credit. Such strange rules x

DMW19

https://forum.scope.org.uk/discussion/comment/1096020#Comment_1096020

UC is totally different.

The rules are crazy with UC. Don’t make sense.

Kimi87

Repayment of debt (including mortgage) is generally not considered deprevation of capital for UC.

The circumstances on the last day of your Assessment Period are the most important.

So if the money has gone into your bank account then straight out, and on the last day of AP it isn't there, there is nothing to report.

If you have a standard financial review (the usual request is ID & 4 months of bank statements) making that transaction visible, you might be questioned about it.