Will my pension affect tax credits?

sdelve

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.

JennysDad

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

steve51

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.

CockneyRebel

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