Will a lump sum from a pension affect Universal credit payments?

alric

if I am 3 months from retirement age, and receiving universal credit, can  I take  the  lump sum (less than £1000) from a pension fund, without it affecting my universal credit?

tacpot12

It depends on how much you already have by way of savings. If the lump sum takes you over £6000 in savings at the end of the assessment period that you receive it in, you will need to inform the DWP and it will reduce your UC a bit. 

You can pay any debts you have using the lump sum if this help get you below £6000.