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Benefits+Pension+tax

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6 years 1 month ago #216596 by mrs doyle
Benefits+Pension+tax was created by mrs doyle
Hi,please could you advise me,I am 61,I receive Income related Employment and support (support group) benefit.This is my only income (non taxable I believe) I have a pension pot of £30000 which I have left untouched.In the near future I will need to access some money for house repairs etc.I realise I need to keep my savings below £6000 to continue with the benefit and that 25% is tax free but if I were to access say £1000 every 3 months or so (keeping below the £6000 limit),would I be able to do this and would this be tax free as it would be under my personal allowance (£11850)? Thank you for your help.

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6 years 1 month ago #216630 by Gordon
Replied by Gordon on topic Benefits+Pension+tax
mrsdoyle

I'm sorry but you need to get advice from a trained Financial Advisor, this is not something we can help with on the forum.

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

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