Can I use pension to keep me in work without affecting benefits?
I’m 61. I have a small pension pot of £18,000. I’m working as a self-employed driver, driving with an old van which is no longer fit for purpose. I claim housing benefit, working and child tax credits. I need a new van (2017 or upwards) so I can keep working in London without being charged for ULEZ.
I would ideally like to take a £15,000 lump sum from my pension to pay for a van. My question is would this affect my benefits if I can show that the money is being used to invest in the van to enable me to keep working?
Thanks in advance