Private pension draw down
paula2404
Online Community Member Posts: 2 Listener
Hi, my husband has a private pension and wants to start drawing down after he takes his 25% tax free allowance. Will taking lumpsums from his private pension affect the carers allowance he gets?
Many thanks in advance
0
Comments
-
It won't affect carers allowance. Do be aware though that carers allowance is taxable income, as well as any pension withdrawn after the 25% tax free.
Are either of you claiming any other benefits? if so which ones?
0 -
Hi, the only benefit we get is PIP for me. X
0
Categories
- All Categories
- 15.9K Start here and say hello!
- 7.6K Coffee lounge
- 111 Games den
- 1.8K People power
- 171 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