Personal pension on universal credit

Decky75

I am looking to invest a small amount of money regularly in a personal pension. 

I have a little bit of money left over every month from my universal credit/LCWRC and PIP. 

I was more than likely be on disability benefits till I reach retirement age in 17 years time 

I am looking for clarification that the money I invest (SIPP) Self Invest Personal Pension is not classed as savings or investments. 

I want to make sure that I stay under the 6000 savings and investment limit for universal credit. 

FIREDreamer

Decky75 said:

I am looking to invest a small amount of money regularly in a personal pension. 

I have a little bit of money left over every month from my universal credit/LCWRC and PIP. 

I was more than likely be on disability benefits till I reach retirement age in 17 years time 

I am looking for clarification that the money I invest (SIPP) Self Invest Personal Pension is not classed as savings or investments. 

I want to make sure that I stay under the 6000 savings and investment limit for universal credit. 

Pension is not counted as savings, however it may affect any benefit entitlement after state pension age.

Silvertabby

FIREDreamer said:

Decky75 said:

I am looking to invest a small amount of money regularly in a personal pension. 

I have a little bit of money left over every month from my universal credit/LCWRC and PIP. 

I was more than likely be on disability benefits till I reach retirement age in 17 years time 

I am looking for clarification that the money I invest (SIPP) Self Invest Personal Pension is not classed as savings or investments. 

I want to make sure that I stay under the 6000 savings and investment limit for universal credit. 

Pension is not counted as savings, however it may affect any benefit entitlement after state pension age.

The full single tier pension, which OP will almost certainly get, is already over the means test limit for Pension Credit and all the other means tested benefits that being in receipt of PC opens the door to.

But, yes, additional pension income may limit housing and council tax benefits.