Remaining politically neutral during General Election 2024


Under guidance from the Electoral Commission and Charity Commission, it's important that Scope remains politically neutral during General Elections.

While we understand that this period will see many passionate discussions and do not want to discourage open discussion, we cannot allow discussions which are purely intended to influence voting.

As ever, please make sure that your comments remain respectful of other people's opinions and keep to our online community house rules.
If we become concerned about you or anyone else while using one of our services, we will act in line with our safeguarding policy and procedures. This may involve sharing this information with relevant authorities to ensure we comply with our policies and legal obligations.

If I withdraw some of my private pension to pay off some of my mortgage, will my ESA be impacted?

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riabla
riabla Community 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 

Comments

  • woodbine
    woodbine Community member Posts: 12,109 Disability Gamechanger
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    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

    2024 Election won

  • riabla
    riabla Community member Posts: 2 Listener
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    Thank you woodbine for your warm welcome and advice.
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