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Carers UK Forum • Does an occupational pension effect carers allowance
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Does an occupational pension effect carers allowance

Posted: Fri Jun 15, 2018 9:22 am
by sunnydisposition
Sorry, if this as been asked before.

If carers allowance is not effect - do you still need to directly inform carers allowance that you are in receipt of one.

Re: Does an occupational pension effect carers allowance

Posted: Fri Jun 15, 2018 9:35 am
by Chris From The Gulag
No ... thankfully.

Occupational pensions do NOT affect CA ... and yet , CA ceases on one receiving the State Pension ... said SP demned a " Benefit " ... and one cannot receive two " Benefits " that overlap , only the higher of the two.

State Pension / Carers Allowance ... benefits ??????????????

Pages , if not books , on the various forums over the years on that one !

Logical ?

Was my salvation during my ten year stretch.

Re: Does an occupational pension effect carers allowance

Posted: Fri Jun 15, 2018 9:47 am
by sunnydisposition
Thanks for the quick reply.
Much appreciated!

Re: Does an occupational pension effect carers allowance

Posted: Fri Jun 15, 2018 9:51 am
by Chris From The Gulag
Your welcome.

If a drawdown early to prevent financial meltdown during the caring days , once you reach the state retirement age ( As I did in February ) , the price for doing so becomes all too clear !

Mere 20 years service but ... drawdown now and ... an additional £ 120 per week ( With generous annual increases ) until the day I kiss goodbye to this Sad New World.

In essence , the price I paid for caring !

Re: Does an occupational pension effect carers allowance

Posted: Fri Jun 15, 2018 3:36 pm
by Woodpecker
Don't forget though that Carer's Allowance counts towards your annual tax allowance, so if that is exceeded when CA added to your pensions you will have to pay Income Tax on excess!!

Re: Does an occupational pension effect carers allowance

Posted: Sat Jun 16, 2018 2:50 pm
by David_0406
That's really useful information.... I'm in the process of sorting my pension in order to access drawdown next year... I assumed I wouldn't be able to claim carers allowance as I don't presently due to my income