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Pension age
Jonesy1
Member Posts: 19 Connected
what happens to my benefits when I receive my pension
Replies
I'm sorry that you are yet to receive a response to this. I was able to find the following information on the Citizens Advice website:
Some benefits are worked out based on how much income and capital you have - these are called 'means tested benefits'. Capital is money you have in your savings and investments. Means tested benefits include:
- Pension Credit
Taking money out of your pension could affect your eligibility for these benefits.The rules are different depending on if you've reached Pension Credit age. Work out when you'll reach Pension Credit age on GOV.UK - it's not the same for everyone, it depends on when you were born and your sex.
I have moved this post into our Ask a Benefits Advisor category, where @BenefitsTrainingCo will be able to advise further.
When you reach State Pension age and you receive your pension your entitlement to means-tested benefits will be reassessed. If you could tell me what benefits you are currently receiving I could advise you better. Any disability benefits that you get (DLA or PIP) will not be affected.
Thanks,
Lee