Employment and Support Allowance (ESA)
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If I withdraw some of my private pension to pay off some of my mortgage, will my ESA be impacted?

riablariabla Member Posts: 2 Listener
If I withdraw a lump sum from a private pension to pay off some of my mortgage, will this affect my contributory ESA payments?
Thank you 

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Replies

  • woodbinewoodbine Community Co-Production Group Posts: 4,512 Disability Gamechanger
    hi @riabla and a warm welcome to scope, if your ESA is just cont.based with no income related top up then it won't be affected but as ESA cont.based is taxable there may be tax implications if you are taking more than 25% of your pension pot, I assume you are over 55?
    You could get free advice from pension wise
    "Putting a child into care, isn't caring for a child" (T.Rhattigan)
  • riablariabla Member Posts: 2 Listener
    Thank you woodbine for your warm welcome and advice.
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