Pension

steve69
steve69 Online Community Member Posts: 53 Contributor
in Benefits and income
Hi
I have a small pension and would like to take the 25% tax free amount.
Im on esa contribution based so know it wont affect that and under 16k in savings, but could it affect council tax support.
Thankyou

Comments

  • poppy123456
    poppy123456 Online Community Member Posts: 64,463 Championing
    For the avoidance of doubt, your ESA is New style and not the old contributions based. There's a difference between the two. The old contributions based can include an Income Related top up but New style ESA can't. 

    For council tax reduction some local Authorities have a maximum savings limit of £6,000 before entitlement ends so you need to look on their website. If it's £16,000 then there would be a deduction of £1/week for every £250 over £6,000. 
  • silver58
    silver58 Online Community Member Posts: 11 Connected
    Hi,I just received my pension forecast,the estimate is for £158.64 per week
    The forecast is for £164.47 if I contribute untill April 5th 2024.
    Which am I most likely to get,and is these figures based on nat ins contributions already paid?
    I got a COPE estimate also,is this to be paid to me by my present local pension scheme?
    I retire in 6mnths time and just trying to sort my finances in readiness for the big day!
    Thank you in advance

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