Personal pension for UC — Scope | Disability forum
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Personal pension for UC

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Nader
Nader Community member Posts: 59 Courageous
in Universal Credit (UC)
Hi

I have a meeting at the jobcentre to provide evidence of savings. Would a personal pension be regarded as savings/capital for UC purposes?

Thanks.

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  • Nader
    Nader Community member Posts: 59 Courageous
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    Oops! This should have been in the Universal Credit category. Don't know what happened there!
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  • Adrian_Scope
    Adrian_Scope Posts: 10,938 Scope online community team
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    I've moved it for you @Nader. :)

    To answer your question, I need to know whether you have access to the pension at the moment, are you drawing from it/getting money from it? If not, then it's not classed as savings or capital as you don't have access to it. 
    Community Manager
    Scope
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  • poppy123456
    poppy123456 Community member Posts: 54,018 Disability Gamechanger
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    Hi,

    If you're receiving an income from the pension weekly/monthly then it's classed as income £1 for £1 for UC.
    I would appreciate it if members wouldn't tag me please. I have all notifcations turned off and wouldn't want a member thinking i'm being rude by not replying.
    If i see a question that i know the answer to i will try my best to help.
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  • Nader
    Nader Community member Posts: 59 Courageous
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    Thanks to both of you. 

    Adrian: Thanks for moving me to UC.

    No, I’m not receiving anything from it. And I won’t be able to even access it for a few years yet. So ok, that’s clarified that. 

    Do I have to inform them of having a personal pension, or should I only mention it if the question is asked? 
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  • poppy123456
    poppy123456 Community member Posts: 54,018 Disability Gamechanger
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    You can't access it so no you don't need to mention it. You only need to do that if you have access to it or you're receiving an income/lump sum from it.
    I would appreciate it if members wouldn't tag me please. I have all notifcations turned off and wouldn't want a member thinking i'm being rude by not replying.
    If i see a question that i know the answer to i will try my best to help.
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  • Nader
    Nader Community member Posts: 59 Courageous
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    Understood. Thanks Poppy. 
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