Es support and pension pot

lashley
lashley Online Community Member Posts: 2 Listener
edited September 2023 in Employment and Support Allowance (ESA)
Hi I’m almost 55 and would like to withdraw a one off 3000 from my pension pot it’s all that is in there , 
I get esa support and I am  a joint claim for universal credit, with  my partner who is also in the support group , 
what I need to know is will it get deducted from our monthly claim or will it get classed as savings 

Comments

  • poppy123456
    poppy123456 Online Community Member Posts: 64,463 Championing
    A lump sum will be classed as capital. If this increases your capital to more than £6,000 then it will affect your UC and there will be a £4.35/month deduction for every £250 or part there of over £6,000. For savings of more than £16,000 entitlement to all means tested benefits ends. 

    Your ESA won’t be affected because it’s not means tested. 
  • poppy123456
    poppy123456 Online Community Member Posts: 64,463 Championing
    woodbine said:
    Welcome back Poppy

    Thank you, that's very kind of you. :)
  • lashley
    lashley Online Community Member Posts: 2 Listener
    Thankyou 

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