Private Pension and Carers Allowance

Benefits, finances and funding
1

Hello,

Is there any information about receiving an early one off draw down payment from a personal pension and receiving carers allowance.

This would be declared for HMRC but what happens regarding the DWP - Carers Allowance?

Thanks in advance.

2

Hi @Gail8 i suggest you email the helpline:

Carers UK information and support

For information and signposting, our telephone Helpline is available on [0808 808 7777](tel:0808 808 7777) from Monday to Friday, 9am – 6pm (including Bank Holidays).

If you have a more complex query or would like more detailed guidance, we suggest you contact our email Helpline (advice@carersuk.org), as we’ll be able to provide more information.

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3

Do you have Pension Drawdown? I took my tax free lump sum and it did not affect my Carers allowance. I did ask my Financial Advisor when I gave him the information for my Tax Return to clarify. But it was a few years ago and things may have changed? So I agree that the Helpline will hopefully have the mos up to date information.

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4

Private pensions don’t affect Carers Allowance. They do affect any income-related benefits, but not Carers Allowance.

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5

Thanks for responding. Had this confirmed by Helpline now.

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6

Thanks for this. Helpline have confirmed it’s okay.

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