Universal Credit and private pension

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Jacobia
Jacobia Online Community Member Posts: 2 Connected
in Universal Credit (UC)

hi

This is my first time of posting for advice and I wonder if anyone could help with a question I have please.

I am likely to be out of work in January next year and due to my MS, I’ll be unlikely to find other work.

I will apply for universal credit to help my finances but my question is when I reach 55 in April next year could I use small lump sums from my private pension to pay some of my bills annually without affecting my UC payment?


thanks very much

Comments

  • Kimi87
    Kimi87 Online Community Member Posts: 6,269 Championing

    The lump sums would immediately be classed as capital.

    If you still had under £6000 then this wouldn't be a problem.

  • Jacobia
    Jacobia Online Community Member Posts: 2 Connected

    thanks Kimi

    I’m finding things a bit of a minefield for advice.

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