Universal Credit

(asked on 20th April 2020) - View Source

Question to the Department for Work and Pensions:

To ask the Secretary of State for Work and Pensions, whether her Department has plans to make people that are self-employed and have pension savings exempt from the rules on capital when applying for universal credit.


Answered by
Mims Davies Portrait
Mims Davies
Shadow Minister (Women)
This question was answered on 28th April 2020

Regardless of employment status, any funds held in an occupational or personal pension scheme are disregarded as capital in Universal Credit until the claimant reaches the pension age of the scheme, or withdraws funds from the scheme early.

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