ESA and private pension annuity

melbury

Presumably this doesn't apply if you are on contribution based ESA?

euanT

Dazed_and_confused wrote: »

If you only took the annuity out in May 2013 and aren't getting a payment (ignoring the tax free lump sum) until May 2014 how on earth have you managed to get a P60 for 2012/13 showing income on it?

"My P60 for 12/13 shows a total income for annuity/pay as £4.56 so surely can not flag up much to anyone!!!"

I have no idea, P60 is from Standard life where one of my policies was with.

euanT

melbury wrote: »

Presumably this doesn't apply if you are on contribution based ESA?

I believe you have to declare income from ESA(CB) as well

benefitbaby

euanT wrote: »

I believe you have to declare income from ESA(CB) as well

Yep, pension income can affect the amount of CESA and CJSA payable.

benefitbaby

Dunroamin wrote: »

If you're on means tested benefits, you should declare a everything.

This is not strictly true, the law requires you to disclose what you "know or reasonably ought to know affects benefit entitlement."

Therefore if you know the threshold is £6k and your capital is under this there is no requirement ot report.

christinetq

Please can someone advise me . I have an occupational pension that I have decided to take out before the cut off point of this october ( as it runs from october to october) the amount although a lump sum is taken as income of 124 per week by the DWP, but my question is ..will the dwp take it as an income from april 2014 to april 2015 or from october 2014 to october 2015 and if they take it as an income from this april will I owe lots of money back to the esa and housing benefit its so confusing and know one seems to know the answer even the citizen advice...thanks

xylophone

I just don't understand what you mean. Could you explain what exactly you are doing?

epitome

christinetq wrote: »

Please can someone advise me . I have an occupational pension that I have decided to take out before the cut off point of this october ( as it runs from october to october) the amount although a lump sum is taken as income of 124 per week by the DWP, but my question is ..will the dwp take it as an income from april 2014 to april 2015 or from october 2014 to october 2015 and if they take it as an income from this april will I owe lots of money back to the esa and housing benefit its so confusing and know one seems to know the answer even the citizen advice...thanks

Why not just phone up DWP ESA and ask them? If they have already worked out what your payments will be (as you have said) , they will already know if they have applied it from April 2014, if they have done that, there will be a note on your file if there are any arrears owed from April 2014. And your file will show a drop in the ESA award rate from April 2014.

If they are taking it as income from October only there will be a drop in your ESA rate from October on your file.

If when you phone, they don't know how to look this up, tell them to use screen 523 .... & press 'F2'

Scully38

Housing_Benefit_Officer wrote: »

For benefit purposes income is treated as income for the period it covers not from the period actually received - otherwise when people start work they would still get JSA/ESA/IS until they get their first wage.

You can leave things for a year and then see what happens - but I wouldn't.

http://www.dwp.gov.uk/docs/dmgch28.pdf

Really?! I was on JSA before I got my 2 PT jobs, and was in dire straits for the first month because I had to sign off as I began work. I never received any JSA for the month I was working (up to receiving my first wage). I had to sign off immediately and at no point was I given any benefits, and was never told by the job center that I could carry on claiming until I received my first wage. I know some people got £100 once they were successful, but I wonder how many other people know you could still claim until your first wages, because that would mean you'd be technically paid twice as you work a month in arrears. So you'd essentially get your JSA/ESA etc for that month, and your wage.

Wouldn't you therefore have to pay back that money to the job center, because you've been paid for that period. Or am I totally confused?:o

rogerblack

Scully38 wrote: »

Really?! I was on JSA before I got my 2 PT jobs, and was in dire straits for the first month because I had to sign off as I began work. I never received any JSA for the month I was working (up to receiving my first wage). I had to sign off immediately and at no point was I given any benefits, and was never told by the job center that I could carry on claiming until I received my first wage. I know some people got £100 once they were successful, but I wonder how many other people know you could still claim until your first wages, because that would mean you'd be technically paid twice as you work a month in arrears. So you'd essentially get your JSA/ESA etc for that month, and your wage.

Wouldn't you therefore have to pay back that money to the job center, because you've been paid for that period. Or am I totally confused?:o

Read the above post carefully. That is exactly what it's not saying.