Personal pension for UC
Nader
Online Community Member Posts: 61 Contributor
Hi
I have a meeting at the jobcentre to provide evidence of savings. Would a personal pension be regarded as savings/capital for UC purposes?
Thanks.
I have a meeting at the jobcentre to provide evidence of savings. Would a personal pension be regarded as savings/capital for UC purposes?
Thanks.
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Oops! This should have been in the Universal Credit category. Don't know what happened there!0
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I've moved it for you @Nader.
To answer your question, I need to know whether you have access to the pension at the moment, are you drawing from it/getting money from it? If not, then it's not classed as savings or capital as you don't have access to it.
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Hi,If you're receiving an income from the pension weekly/monthly then it's classed as income £1 for £1 for UC.1
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Thanks to both of you.
Adrian: Thanks for moving me to UC.
No, I’m not receiving anything from it. And I won’t be able to even access it for a few years yet. So ok, that’s clarified that.
Do I have to inform them of having a personal pension, or should I only mention it if the question is asked?0 -
You can't access it so no you don't need to mention it. You only need to do that if you have access to it or you're receiving an income/lump sum from it.
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Understood. Thanks Poppy.1
