Find out how to let us know if you're concerned about another member's safety.
Will my pension affect tax credits?

sdelve
Member Posts: 1 Listener
Can I ask a question please.....I get the disability element of tax credits....I'm about to access a pension which has now matured...I'm 60. Will it affect my tax credits. If I choose drawdown, the first 25% is not taxable so I think that's ok but the rest is 75% taxable.
Comments
-
Hello @sdelve and a very warm welcome to you. Good that you have found us.
You need to hear from one of our benefits and finances experts, and they will be in touch with you as soon as possible. Bear with us and keep in touch.
Warmest best wishes to you,
Richard -
Hi @sdelve
Welcome my friend it’s great to meet you today.
We have got some “Benefit Experts” on our website.
I will ask them for you if that is ok???
Hi @BenefitsTrainingCo
Can you please help with this post???
Many Thanks. -
Hi sdelve and welcome
You need to get trained financial advice before you do anything. Failure to do so could cost you a lot of money
CR
Be all you can be, make every day count. Namaste
Brightness
Categories
- 53.1K All Categories
- 10.4K Start here and say hello!
- 4.8K Coffee lounge
- 4K Disability rights and campaigning
- 1.5K Research and opportunities to get involved in
- 149 Community updates
- 12K Talk about your situation
- 1.8K Children, parents, and families
- 764 Work and employment
- 579 Education
- 1.1K Housing, transport, and independent living
- 1K Aids, adaptations, and equipment
- 278 Dating, sex, and relationships
- 264 Exercise and accessible facilities
- 21.3K Talk about money
- 2.1K Benefits and financial support
- 4.4K Employment and Support Allowance (ESA)
- 12.3K PIP, DLA, and AA
- 2.5K Universal Credit (UC)
- 4K Talk about your impairment
- 1.3K Cerebral palsy
- 676 Chronic pain and pain management
- 700 Rare, invisible, and undiagnosed conditions
- 751 Autism and neurodiversity
- 929 Mental health and wellbeing
- 298 Sensory impairments
Complete our feedback form and tell us how we can make the community better.
Do you need advice on your energy costs?
Scope’s Disability Energy Support service is open to any disabled household in England or Wales in which one or more disabled people live. You can get free advice from an expert adviser on managing energy debt, switching tariffs, contacting your supplier and more. Find out more information by visiting our
Disability Energy Support webpage.