Taking pension

1965zulu

Hi there my name is Neil
I care for my wife  who has ms
I have a private pension which I can access in jan next year 
Not sure what to do as l do not want to fall foul of dwp rules etc

poppy123456

Hi,

Any pension you receive will affect any means tested benefits you claim. If you're claiming Contributions based benefits then any pension you receive that's more than £85 per week will affect your benefits 50p for every £1 over that amount.

I note that you asked this question in March this year, did you get some advice as advised in your other thread? fee advice is available from pension wise https://www.pensionwise.gov.uk/en/benefits

More advice here https://www.citizensadvice.org.uk/debt-and-money/pensions/nearing-retirement/what-you-can-do-with-your-pension-pot/

AgeUK is also a good place to ring https://www.ageuk.org.uk/

1965zulu

I have decided to sign off any means tested benefits and have a good couple of years while my wife is well enough to enjoy life

1965zulu

I just hope in a couple of years when I sign on again I wont fall foul of dwp for spending some money

poppy123456

1965zulu said:

I just hope in a couple of years when I sign on again I wont fall foul of dwp for spending some money

If you do this when the time comes for you to re-apply, if you're under state pension age then you will need to claim Universal Credit. This is also means tested and claiming this will depend on saviings/capital and household income.

Chloe_Scope

Welcome to the community @1965zulu, I hope @poppy123456's advice has been helpful here. Please do let us know if we can do anything else to help.

woodbine

Neil have you spoken to pensionwise? they will give you excellent free advice on pensions,
https://www.pensionsadvisoryservice.org.uk/ask-us/pension-wise

poppy123456

woodbine said:

Neil have you spoken to pensionwise? they will give you excellent free advice on pensions,
https://www.pensionsadvisoryservice.org.uk/ask-us/pension-wise

Hi,

That exact advice was given back in March this year, as the same question was asked here then i can only assume pension wise wasn't contacted. Thread here https://community.scope.org.uk/discussion/57215/pension-question#latest

1965zulu

Thanks for your feedback
I have taken advice and have a ifa