Hi Wonder if you can help me. Next year when I reach state pension age , I intend to use all of my private pension pot to move home to a more suitable property. I am asking as to whether I will still get income related benefits or will it be classed as deprivation of capital even though it will be my primary and only house to live in. I do understand the tax implications and I am getting an FA, when the time comes. Thanks
Try and get advice from a salaried Welfare Rights Worker.
The rules on Deprivation of Capital are not complicated but are subject to interpretation by a DWP Decision Maker, which means it can be very difficult to pre-empt what one DM might do and another will not. There are therefore no guarantees that any advice given will be followed by a DM.
If you receive Income Related ESA in part or in whole then any lump sum will be treated as capital, see the following
