Dazz66
Options
Hi, I've been poorly with mental ill health since 2001 , my job was working in the hairdressing trade , a skilled job. Now my question is I have " 0" savings and have a personal pension which I've just found out that if I'm not ever ( which is not ) going to be able to work my trade again I can cash it in .. I'm on ESA income related and standard pip, my pens ION is less than 12k and I can draw it on health issues before I'm 55 in 3 years. The money after the 1st 25% tax free and thrn 20% on the total balance is below 11k.I live alone and get full housing/council tax benefit
Does anyone know if I can go ahead and use this.much needed money to buy a car to make my life a lot better without it affecting my ESA etc ??
Does anyone know if I can go ahead and use this.much needed money to buy a car to make my life a lot better without it affecting my ESA etc ??
0
Comments
-
Hi @Dazz66
I am unsure, hopefully @BenefitsTrainingCo and other members of our community will be able to advise you and will be in contact with you soon.
Do let us know if we can be of any further assistance!1 -
Thank you Ami , I'll let you know if I find any concrete info, I'm going to make an appointment with Pension wise ... Regards DH1
Categories
- All Categories
- 15.2K Start here and say hello!
- 7.2K Coffee lounge
- 87 Games den
- 1.7K People power
- 118 Announcements and information
- 24K Talk about life
- 5.7K Everyday life
- 388 Current affairs
- 2.4K Families and carers
- 863 Education and skills
- 1.9K Work
- 519 Money and bills
- 3.6K Housing and independent living
- 1K Transport and travel
- 879 Relationships
- 255 Sex and intimacy
- 1.5K Mental health and wellbeing
- 2.4K Talk about your impairment
- 863 Rare, invisible, and undiagnosed conditions
- 921 Neurological impairments and pain
- 2.1K Cerebral Palsy Network
- 1.2K Autism and neurodiversity
- 39.1K Talk about your benefits
- 5.9K Employment and Support Allowance (ESA)
- 19.5K PIP, DLA, ADP and AA
- 8K Universal Credit (UC)
- 5.6K Benefits and income