Will my pension affect tax credits?
Options
sdelve
Community member Posts: 1 Listener
Can I ask a question please.....I get the disability element of tax credits....I'm about to access a pension which has now matured...I'm 60. Will it affect my tax credits. If I choose drawdown, the first 25% is not taxable so I think that's ok but the rest is 75% taxable.
Comments
-
Hello @sdelve and a very warm welcome to you. Good that you have found us.
You need to hear from one of our benefits and finances experts, and they will be in touch with you as soon as possible. Bear with us and keep in touch.
Warmest best wishes to you,
Richard -
Hi @sdelve
Welcome my friend it’s great to meet you today.
We have got some “Benefit Experts” on our website.
I will ask them for you if that is ok???
Hi @BenefitsTrainingCo
Can you please help with this post???
Many Thanks. -
Hi sdelve and welcome
You need to get trained financial advice before you do anything. Failure to do so could cost you a lot of money
CR
Be all you can be, make every day count. Namaste
Brightness
Categories
- All Categories
- 13K Start here and say hello!
- 6.6K Coffee lounge
- 104 Games lounge
- 416 Cost of living
- 4.3K Disability rights and campaigning
- 1.9K Research and opportunities
- 199 Community updates
- 9.3K Talk about your situation
- 2.1K Children, parents, and families
- 1.6K Work and employment
- 776 Education
- 1.7K Housing and independent living
- 1.4K Aids, adaptations, and equipment
- 615 Dating, sex, and relationships
- 363 Exercise and accessible facilities
- 737 Transport and travel
- 31.5K Talk about money
- 4.3K Benefits and financial support
- 5.2K Employment and Support Allowance (ESA)
- 17.1K PIP, DLA, and AA
- 4.9K Universal Credit (UC)
- 6.3K Talk about your impairment
- 1.8K Cerebral palsy
- 868 Chronic pain and pain management
- 180 Physical and neurological impairments
- 1.1K Autism and neurodiversity
- 1.2K Mental health and wellbeing
- 319 Sensory impairments
- 824 Rare, invisible, and undiagnosed conditions
Do you need advice on your energy costs?
Scope’s Disability Energy Support service is open to any disabled household in England or Wales in which one or more disabled people live. You can get free advice from an expert adviser on managing energy debt, switching tariffs, contacting your supplier and more. Find out more information by visiting our
Disability Energy Support webpage.