Uc and savings
Options
kane1994
Community member Posts: 108 Courageous
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
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.I would appreciate it if members wouldn't tag me please. I have all notifcations turned off and wouldn't want a member thinking i'm being rude by not replying.If i see a question that i know the answer to i will try my best to help.
Brightness
Categories
- All Categories
- 13.1K Start here and say hello!
- 6.7K Coffee lounge
- 69 Games lounge
- 387 Cost of living
- 4.3K Disability rights and campaigning
- 1.9K Research and opportunities
- 200 Community updates
- 9.3K Talk about your situation
- 2.1K Children, parents, and families
- 1.6K Work and employment
- 773 Education
- 1.7K Housing and independent living
- 1.4K Aids, adaptations, and equipment
- 590 Dating, sex, and relationships
- 363 Exercise and accessible facilities
- 739 Transport and travel
- 31.9K Talk about money
- 4.4K Benefits and financial support
- 5.2K Employment and Support Allowance (ESA)
- 17.2K PIP, DLA, and AA
- 5K Universal Credit (UC)
- 6.2K Talk about your impairment
- 1.8K Cerebral palsy
- 872 Chronic pain and pain management
- 181 Physical and neurological impairments
- 1.1K Autism and neurodiversity
- 1.2K Mental health and wellbeing
- 317 Sensory impairments
- 820 Rare, invisible, and undiagnosed conditions
Do you need advice on your energy costs?
Scope’s Disability Energy Support service is open to any disabled household in England or Wales in which one or more disabled people live. You can get free advice from an expert adviser on managing energy debt, switching tariffs, contacting your supplier and more. Find out more information by visiting our
Disability Energy Support webpage.