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.

I've a pension of which I can draw £11.000 tax free. I claim ESA + PIP, will this affect my claims?

Options
maryob
maryob Community member Posts: 4 Listener
I have a pension of which I can draw £11.000 tax free, as I claim ESA and Pip will this affect my benefit's claim.

Comments

  • woodbine
    woodbine Community member Posts: 12,133 Disability Gamechanger
    Options
    @maryob good afternoon and welcome to scope.
    Is your ESA cont.based or income based or both?

    PIP will not be affected only income based benefits if you have more than £6,000 in capital they are reduced, over £16,000 and income based benefits cease.

    Other benefits like housing and council tax will also be affected by savings.

    2024 Election won

  • maryob
    maryob Community member Posts: 4 Listener
    Options
    I am on income based ESA so do you know by.how much, because I owe my sister £1000 for my mobility scooter and I have credit card debt of £ 4000 I want to pay off. Thanks for your reply
  • calcotti
    calcotti Community member Posts: 10,010 Disability Gamechanger
    edited August 2021
    Options
    Any capital over £6000 reduces your income based ESA by £1 for every £250, or part thereof, over £6000. 

    Do you have an option to take a partial withdrawal of the tax free lump sum?
    Information I post is for England unless otherwise stated. Rules may be different in other parts of UK.
  • maryob
    maryob Community member Posts: 4 Listener
    Options
    Sorry I am only just answering I have just worked out how to see your reply. I have a friend visiting tonight who works for a bank who can look at all the paperwork, thanks so much for your help
  • woodbine
    woodbine Community member Posts: 12,133 Disability Gamechanger
    Options
    maryob said:
    Sorry I am only just answering I have just worked out how to see your reply. I have a friend visiting tonight who works for a bank who can look at all the paperwork, thanks so much for your help
    It's probably best to discuss this with someone who will understand the effect of taking the £11k on your benefits, welfare rights would be as good as anywhere,

    2024 Election won

Complete our feedback form and tell us how we can make the community better.

Do you need advice on your energy costs?


Scope’s Disability Energy Support service is open to any disabled household in England or Wales in which one or more disabled people live. You can get free advice from an expert adviser on managing energy debt, switching tariffs, contacting your supplier and more. Find out more information by visiting our
Disability Energy Support webpage.
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.

Find out how to let us know if you're concerned about another member's safety.