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
We use cookies on our website. Some of them are essential for the operation of the site, while others help us to improve this site and the user experience (tracking cookies). You can decide for yourself whether you want to allow cookies or not. Please note that if you reject them, you may not be able to use all the functionalities of the site.
