Council Tax Support ended due to pension pot?
Comments
-
Re pension credit age
https://www.turn2us.org.uk/Jargon-buster/Pension-credit-age
Men reach Pension Credit age when they reach the state pension age of a woman with the same date of birth as them.0 -
Re pension credit age
https://www.turn2us.org.uk/Jargon-buster/Pension-credit-age
Men reach Pension Credit age when they reach the state pension age of a woman with the same date of birth as them.
But there is no longer any difference between the state pension age for men and women so it is no longer possible to newly qualify for Pension Credit before reaching state pension age.Information I post is for England unless otherwise stated. Some rules may be different in other parts of UK.0 -
It could have been relevant for the OP who is already 66.0
-
-
For DWP benefits ‘Ad hoc’ withdrawals are capital, regular withdrawals are income. Open to interpretation when a series of withdrawals becomes income. Not sure if rules for CTR are similar.Information I post is for England unless otherwise stated. Some rules may be different in other parts of UK.0
-
As I understand it all they could take into account (for some benefits) would be a 'notional income' based on a lifetime annuity where I have chosen not to take an income at this time.0
-
I took out 2 lump sums last year and had to withdraw amounts equal to the amount required plus the basic tax paid by the pension pot holder (as I made the first tax free withdrawal a while back).0
-
Withdrawals have not been regular, but ad hoc.0
-
You should largely forget the DWP rules because councils have a lot of freedom to set up any council tax system they want. If your council decides that money held in a pension account that can be accessed without penalty is classed as savings, then that is what it is. And tax is not considered a penalty in this instance.
You should write to your council and clarify what your pension savings are classed as because mistakes do happen.
DarrenXbigman's guide to a happy life.
Eat properly
Sleep properly
Save some money0
This discussion has been closed.
Categories
- All Categories
- 343.1K Banking & Borrowing
- 250.1K Reduce Debt & Boost Income
- 449.7K Spending & Discounts
- 235.2K Work, Benefits & Business
- 607.9K Mortgages, Homes & Bills
- 173K Life & Family
- 247.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 15.9K Discuss & Feedback
- 15.1K Coronavirus Support Boards