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

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lestim21
lestim21 Community member Posts: 1 Listener
edited September 2021 in Employment and Support Allowance (ESA)
Hi am receiving esa and I would like to take a lump some of my pension would this affect my payment 
thank you
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Comments

  • poppy123456
    poppy123456 Community member Posts: 54,327 Disability Gamechanger
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    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. 
    I would appreciate it if members wouldn't tag me please. I have all notifcations turned off and wouldn't want a member thinking i'm being rude by not replying.
    If i see a question that i know the answer to i will try my best to help.
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  • Tori_Scope
    Tori_Scope Scope Posts: 12,493 Disability Gamechanger
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    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?
    National Campaigns Officer, she/her

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  • woodbine
    woodbine Community member Posts: 11,663 Disability Gamechanger
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    Have you considered getting advice from pension wise, which is free?

    https://www.pensionwise.gov.uk/en/facebook-paint
    2024 The year of the general election...the time for change is coming 💡

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