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uc what can i get
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if wanted to help some paying of something and drew down from my pension pot would affect my UC same question if need to pay with draw down from pension pot to cover this year hols ?0
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Potentially, it would be classed as either capital or income depending upon how it was drawn down. Ad hoc withdrawals are treated as capital, any drawdown that forms a regular pattern in amount and/or time period would be treated as income.Hunnie1977 said:if wanted to help some paying of something and drew down from my pension pot would affect my UC same question if need to pay with draw down from pension pot to cover this year hols ?
Also depending upon how you draw down the money there may (probably will be) tax payable too.
Maybe the bigger point is this. Why on earth are you thinking about taking money from your future self to pay for a holiday now?2
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