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Pension Credit
masonj3
Posts: 202 Forumite
Hi
Can anyone please offer some advice based on the following.
My dad is 62 and in receipt of incapacity benefit and DLA. He has two personal pension plans one of which he can take at anytime and the other which he cant take until he is 65, both however have to be claimed before he is 75. As he isnt yet receiving an income from his personal pensions is he able to make a claim for pension credit? Various calculators seem to imply that this is possible but Im looking for a definitive answer if onyone knows x
On a seperate note Im sure I have read somewhere that once you have taken a cash free lump sum from a personal pension plan that it is now possible not to draw a regular income from the remainder but to allow ithe funds to continue to grow, does anyone have any more info on this??
Thanks x
Can anyone please offer some advice based on the following.
My dad is 62 and in receipt of incapacity benefit and DLA. He has two personal pension plans one of which he can take at anytime and the other which he cant take until he is 65, both however have to be claimed before he is 75. As he isnt yet receiving an income from his personal pensions is he able to make a claim for pension credit? Various calculators seem to imply that this is possible but Im looking for a definitive answer if onyone knows x
On a seperate note Im sure I have read somewhere that once you have taken a cash free lump sum from a personal pension plan that it is now possible not to draw a regular income from the remainder but to allow ithe funds to continue to grow, does anyone have any more info on this??
Thanks x
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**BUMP, Still Need Advice Pls **0
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