Uc and savings
kane1994
Online Community Member Posts: 117 Contributor
Hi, I'm in the process of asking my Dr for a letter to see if I can get my £4000 pension pot early due to ill health.
Would this in anyway affect my universal credit payment and reduce my income long term.
Any advice is appreciated
Would this in anyway affect my universal credit payment and reduce my income long term.
Any advice is appreciated
0
Comments
-
A lump sum will be treated as capital so unless this brings your total capital to more than £6,000 it will not affect your UC.If you withdraw a weekly income then it will reduce your UC £1 for £1.0
Categories
- All Categories
- 15.9K Start here and say hello!
- 7.6K Coffee lounge
- 111 Games den
- 1.8K People power
- 172 Announcements and information
- 25.4K Talk about life
- 6.2K Everyday life
- 510 Current affairs
- 2.5K Families and carers
- 877 Education and skills
- 2K Work
- 589 Money and bills
- 3.7K Housing and independent living
- 1.2K Transport and travel
- 647 Relationships
- 1.6K Mental health and wellbeing
- 2.5K Talk about your impairment
- 883 Rare, invisible, & undiagnosed conditions
- 942 Neurological impairments and pain
- 2.2K Cerebral Palsy Network
- 1.3K Autism and neurodiversity
- 41K Talk about your benefits
- 6.1K Employment & Support Allowance (ESA)
- 20.3K PIP, DLA, ADP & AA
- 9.2K Universal Credit (UC)
- 5.3K Benefits and income