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Pension and Esa
- lochpike
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2 years 3 days ago #276351 by lochpike
Pension and Esa was created by lochpike
Hi guys I have another question if you could possibly answer lol
I'm on Income based esa support group from 2013
I had to cash in a small pension which pays £179 a month
I am payed every two weeks the pension weekly sum is £45
They are taking £20 a week from my benefit is this correct
I have just found out I should of been getting both cb and ir esa
and should of been getting the edp as well this is getting ridiculous but that's another matter lol
Cheers guys see what you think regarding the pension bit
Thanks
I'm on Income based esa support group from 2013
I had to cash in a small pension which pays £179 a month
I am payed every two weeks the pension weekly sum is £45
They are taking £20 a week from my benefit is this correct
I have just found out I should of been getting both cb and ir esa
and should of been getting the edp as well this is getting ridiculous but that's another matter lol
Cheers guys see what you think regarding the pension bit
Thanks
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- Gary
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2 years 2 days ago #276369 by Gary
Nothing on this board constitutes legal advice - always consult a professional about specific problems
Replied by Gary on topic Pension and Esa
Hi lochpike
Thank you for your question.
Whether it will affect your ESA will depend on the type of ESA you receive, how you take the pension and how much it is?
If you are only receiving Contribution Based ESA then a lump sum will not affect your ESA but a regular payment will. If the pension is more then £85/week then there will be a £1/week deduction for every £2 in excess of the £85.
If you are receiving any Income Related ESA, either in part or in whole, then it will affect your ESA.
First, there is an assets and savings rule if you take a lump sum,
Secondly, any regular payments will be deducted £ for £ from any ESA(IR) that you receive.
If the ESA(IR) is fully eroded then you will lose access to passported benefits such as free prescriptions and dental care.
Gary
Thank you for your question.
Whether it will affect your ESA will depend on the type of ESA you receive, how you take the pension and how much it is?
If you are only receiving Contribution Based ESA then a lump sum will not affect your ESA but a regular payment will. If the pension is more then £85/week then there will be a £1/week deduction for every £2 in excess of the £85.
If you are receiving any Income Related ESA, either in part or in whole, then it will affect your ESA.
First, there is an assets and savings rule if you take a lump sum,
Secondly, any regular payments will be deducted £ for £ from any ESA(IR) that you receive.
If the ESA(IR) is fully eroded then you will lose access to passported benefits such as free prescriptions and dental care.
Gary
Nothing on this board constitutes legal advice - always consult a professional about specific problems
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- lochpike
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2 years 2 days ago #276371 by lochpike
Replied by lochpike on topic Pension and Esa
Thanks Gary
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