If I choose not take a regular monthly pension but to option for either an up front tax free lump sum or an annual drawdown with a partial lump sum, how would this affect my entitlement to ESA between 60 and my normal retirement date? Thanks
WimbledonP wrote: If I choose not take a regular monthly pension but to option for either an up front tax free lump sum or an annual drawdown with a partial lump sum, how would this affect my entitlement to ESA between 60 and my normal retirement date? Thanks
If you are only receiving ESA(CB) then a one off payment should be treated as savings and will have no effect on your ESA, regular payments, even yearly, may be treated as income. All I can suggest is that you contact the DWP for their view.
Gordon
Nothing on this board constitutes legal advice - always consult a professional about specific problems
