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

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

Comments

  • poppy123456
    poppy123456 Community member Posts: 59,674 Championing
    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
    Tori_Scope Scope Posts: 12,443 Championing
    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?

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