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Uc and pension
[Deleted User]
Posts: 0 Newbie
I currently receive pip daily living and lcwra uc.
Due to my disabilities I have never received a pension due to working zero hour contracts when I was younger and when I am state pension age I will only receive basic state pension and maybe attendance allowance if I get it.
Is there anyway I can invest in a pension and is there any information on how to do this.
Is there anyone out there currently doing this, is it allowed
Due to my disabilities I have never received a pension due to working zero hour contracts when I was younger and when I am state pension age I will only receive basic state pension and maybe attendance allowance if I get it.
Is there anyway I can invest in a pension and is there any information on how to do this.
Is there anyone out there currently doing this, is it allowed
0
Comments
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Can't advise on pension, but if you're still getting PIP when you reach state pension age you will stay on PIP, a claim isn't moved over to AA.[Deleted User] said:I currently receive pip daily living and lcwra uc.
Due to my disabilities I have never received a pension due to working zero hour contracts when I was younger and when I am state pension age I will only receive basic state pension and maybe attendance allowance if I get it.
Is there anyway I can invest in a pension and is there any information on how to do this.
Is there anyone out there currently doing this, is it allowed
Let's Be Careful Out There0 -
You can contribute the higher of your relevant earnings or £3,600 (inclusive of tax relief) to a pension each year.[Deleted User] said:Is there anyway I can invest in a pension and is there any information on how to do this.
Is there anyone out there currently doing this, is it allowed
If you were contributing £3,600 to a personal pension then you would send £2,880 (80% of the gross amount) to the provider who would automatically add £720 of basic rate income tax relief. Note that you do not have to be a taxpayer to be eligible for this relief.
This is a very standard transaction, any personal pension will do, you don't need anything special. Many individuals, especially retired people, do this every year.1
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