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Private pension lump sum

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1 month 3 weeks ago #300142 by swmaw
Private pension lump sum was created by swmaw
I have had to take early retirement due to ill health. I currently receive ESA, UC and PIP and have LCWRA.

I wish to withdraw a lump sum from a private pension, to pay for debts and house repairs. Will this affect my benefits?

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1 month 3 weeks ago #300143 by Chris
Replied by Chris on topic Private pension lump sum
Hi swmaw,

It won't affect PIP, but as to the others - it could possibly, depending on how long the lump sum is in your bank. I would contact a manager from the DWP wwith your journal, and ask their advice, giving your details of the amount etc.

Chris.

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