Hi, my name is shazbot1! Found an old pension pot, will this affect my UC claim?

shazbot1
shazbot1 Online Community Member Posts: 4 Listener
edited October 2025 in Universal Credit (UC)

Hi im under state pension age & i am on universal credit, i have just found a old pension & taken 2000 pound out to pay credit cards off, there is 11,500 pound left which is for when i reach pension age, will uc deduct money from my claim

Comments

  • Mary_Scope
    Mary_Scope Posts: 4,096 Scope Online Community Children and Family Specialists

    Hi @shazbot1 and a warm welcome to the community from me!

    This sounds like quite a complex situation so it may be best to have a chat with your local benefit adviser as they should be able to advise you on the right answer😊

  • shazbot1
    shazbot1 Online Community Member Posts: 4 Listener

    Hi, is there any other advice on my situation please

  • OverlyAnxious
    OverlyAnxious Online Community Member Posts: 5,745 Championing

    Hi,

    Money in a pension pot that you can't access immediately is not counted as capital.

    The money you took out would be counted as capital, but I assume you have less than £6000 total (including that £2000) so there will not be any money deducted from your UC payment for that either.

  • shazbot1
    shazbot1 Online Community Member Posts: 4 Listener

    Thank you so much, really appreciated, put my mind at rest

  • shazbot1
    shazbot1 Online Community Member Posts: 4 Listener

    The 2000 is the only savings we have which will be paid on credit card

Categories