Esa and payment from private pension

George123
George123 Online Community Member Posts: 1 Listener
in Employment and Support Allowance (ESA)
Hi just wondering if I withdrawe a payment say 5,000 from my private pension will it effect my esa income related and housing benefit ..thanks in advance ..

Comments

  • calcotti
    calcotti Online Community Member Posts: 10,000 Championing
    It depends on whether or not you already have any savings/capital.

    The single withdrawal will be treated as capital. If your total capital remains below £6,000 it is ignored. If your total capital goes over £6,000 your ESA will reduce by £1/week for every £250, or part thereof, above £6,000. HB will also reduce.

Categories