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I have a private pension which I would like to cash in as I am having a driveway built because my mobility is restricted and when I go out I can't always get parked outside my house. I could phone DWP to ask my question but it's always difficult to get through to them and a bit hit and miss as to whether you will even be given the correct information! The money would briefly take me over the £6,000 threshold but I wouldn't have it for long (maybe a week) as it would all be used to pay for the driveway, so I wonder whether they would disregard it for this reason and not deduct any money off my benefits?
My other question if anyone can help is with the taxation of the pension. I understand that the first 25% is ignored and the rest is taxed at 20%. Are people on benefits exempt from taxation? It is quite a chunk of tax to pay if not! I receive PIP standard living and enhanced mobility and also ESA and I am in the support group.
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