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Will lcwra and uc payment be affected by drawdown on private pension if taxed? N

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8 months 4 days ago #287175 by Vic
Will lcwra and uc payment be affected by drawdown on private pension if taxed? N was created by Vic
I drew down the tax free amount to pay off debts.
I drew down a further £2,000 to cover more.
I am now in receipt of lcwra, PIP and UC.
Will £2,000 registered on hmrc for tax be held from my monthly payments?
Will the tax free amount (£5,000) also be held?
Thank you

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8 months 1 day ago #287244 by Gary
Replied by Gary on topic Will lcwra and uc payment be affected by drawdown on private pension if taxed? N
Hi Vic

Welcome to the forum.

You might want to have a look at the following FAQ which explains where everything is; www.benefitsandwork.co.uk/guides-for-claimants/faq/forum.

I cannot answer your question as I do not have all the facts.

UC will be affected if you have over £6k in savings, you need to speak to a specialist Welfare Rights Organisation; advicelocal.uk , they will be able to take all your circumstances into consideration when giving you any advice.

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

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  7. Will lcwra and uc payment be affected by drawdown on private pension if taxed? N