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SIPP pension and savings

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3 years 9 months ago #261426 by billbevbenefits
SIPP pension and savings was created by billbevbenefits
I receive Income related ESA, PIP, Housing Benefit. I turn 66 next month and have applied for my Old Aged pension. I have some money in a stocks and share ISA. I have an Executive Pension plan from previous job that I have not taken yet. Am I better setting up a SIPP pension and transferring everything into that or will anything I have be classed as savings for the DWP savings limits?

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3 years 9 months ago #261472 by BIS
Replied by BIS on topic SIPP pension and savings
Hi William

I'm sorry, but your question is outside the scope of this forum and you need to ask a specialist benefits advisor.

If you don't have one, you can look for one here advicelocal.uk/

BIS

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

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3 years 9 months ago #261495 by Gary
Replied by Gary on topic SIPP pension and savings
Hi William

Welcome to the forum, you might want to have a look at the following FAQ which explains where everything is.

Welcome to Benefits and Work .

If you have a pension query then you need to contact Pension wise who have recently changed their name to Money Helper: www.moneyhelper.org.uk/en/pensions-and-r...ion-wise/?source=pw#

As BIS has stated below you need to contact a welfare rights organisation.

Gary

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

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