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Means tested benefit

  • Sharon
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10 years 2 weeks ago #133776 by Sharon
Means tested benefit was created by Sharon
Looking for info please
Partner wishing to take 25% lump sum tax free from his private pension , he claims Essa n pip at highest rate n in support group , will these benefits be mean tested

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10 years 2 weeks ago #133823 by Gordon
Replied by Gordon on topic Means tested benefit

Sharon wrote: Looking for info please
Partner wishing to take 25% lump sum tax free from his private pension , he claims Essa n pip at highest rate n in support group , will these benefits be mean tested


We can't give detailed financial advice on the forum.

PIP is not affected by income or savings.

If your ESA is Income Related either in part or in whole then a lump sum will be treated as capital and will be subject to the associated rules, see

Asset rule for ESA(IR)

Gordon

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

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