Universal Credit warning as people could see payment cancelled over pension error | Personal Finance | Finance –

Published On: Mon, Sep 20th, 2021

Universal Credit warning as people could see payment cancelled over pension error | Personal Finance | Finance


A report undertaken by Lane Clark Peacock showed there are more than 1.5million people in the age group of 55 to 65 who are currently on benefits such as Universal Credit or Employment and Support Allowance (ESA).

If any of these individuals choose to take money from a pension, perhaps to boost their income during this challenging time, they could see their benefits impacted.

Sir Steve Webb, of LCP, said: “Giving people a choice about how and when to take their pension is a good thing, but there is no doubt that people need more help and advice about how to make the choice that is right for them.

“The benefits system, particularly for those of working age, was never designed with this situation in mind.



Source link