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Savings/Pension limit?

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10 years 4 months ago #127615 by Steve Blue
Savings/Pension limit? was created by Steve Blue
I all -

I read within this site that there is a limit on the amount of savings you're allowed to have if you claim ESA. It read £16'000. Is this correct? At present my dad already claims ESA with Support Group inclusion, and DLA.

He has received a letter from an old work place offering a lump some on a seemingly forgotten pension, but he's scared to accept. Although if a lump some is accepted it wouldn't be much, I just said I'd message to get a better picture of what is allowed and what isn't to help put his mind at rest and to gain a better understanding to make an informed decision.

His ESA will naturally end on retirement anyway, and I don't think DLA is means tested.

I'd appreciate any advice you're able to offer.

Regards, Bluebear.

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10 years 4 months ago #127627 by Gordon
Replied by Gordon on topic Savings/Pension limit?
Bluebear

As I remember it your father's ESA is Contribution Based.

This being the case, then any lump sum will not be taken into account, the £16,000 limit only applies to Income Related ESA, only regular pension income is taken into account for ESA(CB).

DLA is not take into account for either ESA(CB) or ESA(IR).

Gordon

Nothing on this board constitutes legal advice - always consult a professional about specific problems
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