Universal Credit
If this is your first visit, check out the community guide. You will have to Join us or Sign in before you can post.

Personal pension for UC

NaderNader Member Posts: 47 Connected
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.

Replies

  • NaderNader Member Posts: 47 Connected
    Oops! This should have been in the Universal Credit category. Don't know what happened there!
  • Adrian_ScopeAdrian_Scope Testing team Posts: 7,954

    Scope community team

    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. 
    Senior Community Partner
    Scope

    Your feedback is really important to the development of the online community, so please remember to complete our online community annual survey
  • poppy123456poppy123456 Member Posts: 22,218 Disability Gamechanger
    Hi,

    If you're receiving an income from the pension weekly/monthly then it's classed as income £1 for £1 for UC.
    Proud winner of the 2019 empowering others award. This award was given for supporting disabled people and their families for the benefit advice I have given to members here on the community.
  • NaderNader Member Posts: 47 Connected
    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? 
  • poppy123456poppy123456 Member Posts: 22,218 Disability Gamechanger
    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.
    Proud winner of the 2019 empowering others award. This award was given for supporting disabled people and their families for the benefit advice I have given to members here on the community.
  • NaderNader Member Posts: 47 Connected
    Understood. Thanks Poppy. 
Sign in or join us to comment.