I'm receiving ESA and would like to take a lump sum of my benefits. Would this affect my payment?

lestim21

Hi am receiving esa and I would like to take a lump some of my pension would this affect my payment 
thank you

poppy123456

It depends which ESA you’re claiming. If part of it is at least Income Related and you take a lump sum if this takes your total savings/capital to more than £16,000 then all means tested benefits will end. 

Savings of less than £6,000 are disregarded. For every £250 (or part there of) over £6,000 there’s a £1 per week deduction.
if all your ESA is contributions based/ New style then savings do not affect it. 

Tori_Scope

Welcome to the community @lestim21 Thanks for joining, and for asking your question.

Has poppy123456's advice helped you to understand how this may affect your ESA?