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open a pension

 i am on income support and look after my wife who is disabled i am about to get a settlement offer.can i open a pension and will it affect my benefits

open a pension 1 vote

what pension is best for unemployed
100% 1 vote
i want open a pension with a cash lump sum but i am on benefits
0% 0 votes

Comments

  • MX5huggy
    MX5huggy Posts: 7,170 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Do you have a job?

    Without earnings (from work) in a tax year you are limited to £2880 of Pension contributions (which tax relief is added to to make it £3600, even if you don’t pay any tax). 

    What’s the settlement offer about? I think this will effect you Income Support.
  • no I do not have a job.my settlement offer was a dispute with a former pension provider
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