Over 16K savings Any point UC if I dont want job?

MikMikandThriceMik

I early retired cos I am mentally and physically fubarred, but not physically fubarred enough to get PIP I dont think

Anyway, I am living on my early retirement tax free pension lump sum and my private pension and my savings.

My savings are greater than 16K. 

Are there any other benefits that would make me want to apply for UC because I will not be getting any dole money from UC?

Thanks. 

dreaming

National Insurance contributions? Obviously if you already have enough years for a full pension then that isn't a concern but I do know of someone in a similar position who "signed on" just to get the NI credits but had no intention of getting a job (they also had been made redundant so didn't qualify for UC).

ABCDE1977

I'm in exactly the same position. 62 with another 5 years until pension but left my NHS job as I was mentally done by the job and now physically done in too. Also over the savings limit. I tried for PIP as I have PTSD/Arthritis etc etc but hey - no banana...so unless as the previous poster stated, you sign for NI conts you are eligible for precisely squat sadly  

Marcon

ABCDE1977 said:

I'm in exactly the same position. 62 with another 5 years until pension but left my NHS job as I was mentally done by the job and now physically done in too. Also over the savings limit. I tried for PIP as I have PTSD/Arthritis etc etc but hey - no banana...so unless as the previous poster stated, you sign for NI conts you are eligible for precisely squat sadly  

Have you looked at a possible ill health early retirement pension from the NHS? https://www.nhsbsa.nhs.uk/member-hub/applying-ill-health-pension-benefits

poppy12345

MikMikandThriceMik said:

I early retired cos I am mentally and physically fubarred, but not physically fubarred enough to get PIP I dont think

Anyway, I am living on my early retirement tax free pension lump sum and my private pension and my savings.

My savings are greater than 16K. 

Are there any other benefits that would make me want to apply for UC because I will not be getting any dole money from UC?

Thanks. 

As you correctly states, you will not be entitled to UC because you have more than £16,000 in capital. 

You can look at claiming New style ESA if you have the correct NI contributions from the previous 2 tax years. This isn't means tested so your capital will not affect it. 

Any pension you receive of up to £85/week will be ignored. For every £1 over that amount the ESA reduces by 50p/week. You will need to provide fit notes if you apply. https://www.gov.uk/employment-support-allowance/eligibility

EnPointe

Marcon said:

ABCDE1977 said:

I'm in exactly the same position. 62 with another 5 years until pension but left my NHS job as I was mentally done by the job and now physically done in too. Also over the savings limit. I tried for PIP as I have PTSD/Arthritis etc etc but hey - no banana...so unless as the previous poster stated, you sign for NI conts you are eligible for precisely squat sadly  

Have you looked at a possible ill health early retirement pension from the NHS? https://www.nhsbsa.nhs.uk/member-hub/applying-ill-health-pension-benefits

if the poster  you  replied to has  serfvice in 1995  section of the NHS pension they may be able to take unreduced pension from 60 anyway