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
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Comments
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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 Do be aware though that carers allowance is taxable income, as well as any pension withdrawn after the 25% tax free.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?
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Hi, the only benefit we get is PIP for me. X
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