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ESA and annual drawdown lump sum from pension pot .
- doddy
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2 years 6 months ago #270311 by doddy
ESA and annual drawdown lump sum from pension pot . was created by doddy
Hi , Im on contributory ESA support group and i believe any weekly pension payments above £85 effects the amount you get but does annual lump sum drawdowns effect the amount of the ESA payment ?
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- Gary
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2 years 6 months ago #270345 by Gary
Nothing on this board constitutes legal advice - always consult a professional about specific problems
Replied by Gary on topic ESA and annual drawdown lump sum from pension pot .
Hi daddy
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
If you receive Contribution Based ESA only then a lump sum payment will not affect your ESA although further ones might, if you take a regular payment then there is an £85/week disregard followed by £1/week deduction for every £2 in excess of the £85.
If you receive Income Related ESA in part or in whole then any lump sum will be treated as capital, see the following
assets.publishing.service.gov.uk/governm.../1073454/dmgch52.pdf
Any regular income will be deducted from your ESA(IR) £ for £.
Gary
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
If you receive Contribution Based ESA only then a lump sum payment will not affect your ESA although further ones might, if you take a regular payment then there is an £85/week disregard followed by £1/week deduction for every £2 in excess of the £85.
If you receive Income Related ESA in part or in whole then any lump sum will be treated as capital, see the following
assets.publishing.service.gov.uk/governm.../1073454/dmgch52.pdf
Any regular income will be deducted from your ESA(IR) £ for £.
Gary
Nothing on this board constitutes legal advice - always consult a professional about specific problems
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- Minnie
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5 months 6 days ago #292444 by Minnie
Replied by Minnie on topic ESA and annual drawdown lump sum from pension pot .
Can I check that this is still the case please ... I can take one lump sum and still receive the full £138.20 pw ESA Support Group? Thanks for your help.
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- Gary
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5 months 6 days ago #292459 by Gary
Nothing on this board constitutes legal advice - always consult a professional about specific problems
Replied by Gary on topic ESA and annual drawdown lump sum from pension pot .
Hi Minnie
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.
We cannot answer your question as we do not know which type of ESA you are talking about, we would advise you to seek advice from your local Welfare Rights Organisation; advicelocal.uk , they will be able to take all your circumstances into consideration.
Gary
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.
We cannot answer your question as we do not know which type of ESA you are talking about, we would advise you to seek advice from your local Welfare Rights Organisation; advicelocal.uk , they will be able to take all your circumstances into consideration.
Gary
Nothing on this board constitutes legal advice - always consult a professional about specific problems
Please Log in or Create an account to join the conversation.
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