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    • LocoLoco
    • By LocoLoco 8th Jan 18, 7:53 PM
    • 168Posts
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    LocoLoco
    Pensions and Means Tested Benefits
    • #1
    • 8th Jan 18, 7:53 PM
    Pensions and Means Tested Benefits 8th Jan 18 at 7:53 PM
    This is probably a stupid question but I'm looking into various options for my son as he'll be transitioning from child to adult disability related benefits over the next few years. I currently pay a regular amount from his DLA into a savings account for him (where it's locked in for a year) so he has a small savings pot at the moment. I also pay a very small amount into a pension for him (again from his DLA).

    What I'm wondering is, would the money that's been paid into his pension also count as savings for the purposes of means tested benefits?

    Thanks in advance
Page 1
    • Alice Holt
    • By Alice Holt 8th Jan 18, 8:52 PM
    • 1,695 Posts
    • 1,845 Thanks
    Alice Holt
    • #2
    • 8th Jan 18, 8:52 PM
    • #2
    • 8th Jan 18, 8:52 PM
    No, because it is not accessible by him.
    • LocoLoco
    • By LocoLoco 8th Jan 18, 10:35 PM
    • 168 Posts
    • 222 Thanks
    LocoLoco
    • #3
    • 8th Jan 18, 10:35 PM
    • #3
    • 8th Jan 18, 10:35 PM
    No, because it is not accessible by him.
    Originally posted by Alice Holt
    Thank you, Alice Holt, that's very helpful
    • venison
    • By venison 8th Jan 18, 10:47 PM
    • 1,479 Posts
    • 1,615 Thanks
    venison
    • #4
    • 8th Jan 18, 10:47 PM
    • #4
    • 8th Jan 18, 10:47 PM
    As Alice rightly says a pension won't be counted but other savings over £6000 will reduce means tested benefits.
    I am a BG on loans,credit cards and benefits I volunteer to help get your forum questions answered and keep the forum running smoothly". Board guides are not moderators and don't read every post. If you spot an abusive or illegal post then please report it to forumteam@moneysavingexpert.com. Any views are mine and not the official line of MoneySavingExpert.com.
    • LocoLoco
    • By LocoLoco 9th Jan 18, 8:24 AM
    • 168 Posts
    • 222 Thanks
    LocoLoco
    • #5
    • 9th Jan 18, 8:24 AM
    • #5
    • 9th Jan 18, 8:24 AM
    As Alice rightly says a pension won't be counted but other savings over £6000 will reduce means tested benefits.
    Originally posted by venison
    Thanks, Venison, the pension would take him over £6,000 but he's under (by quite a bit) without that taken into account. It's unlikely he'll ever be able to work so I want his (relatively small) income to work as hard as possible for him but I'm anxious about doing something wrong so checking every little thing as it comes up This forum is so helpful, thank you
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