If I withdraw some of my private pension to pay off some of my mortgage, will my ESA be impacted? — Scope | Disability forum
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If I withdraw some of my private pension to pay off some of my mortgage, will my ESA be impacted?

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riabla
riabla Community member Posts: 2 Listener
edited July 2021 in Employment and Support Allowance (ESA)
If I withdraw a lump sum from a private pension to pay off some of my mortgage, will this affect my contributory ESA payments?
Thank you 

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  • woodbine
    woodbine Community member Posts: 11,621 Disability Gamechanger
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    hi @riabla and a warm welcome to scope, if your ESA is just cont.based with no income related top up then it won't be affected but as ESA cont.based is taxable there may be tax implications if you are taking more than 25% of your pension pot, I assume you are over 55?
    You could get free advice from pension wise
    2024 The year of the general election...the time for change is coming 💡

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  • riabla
    riabla Community member Posts: 2 Listener
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    Thank you woodbine for your warm welcome and advice.
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