I saw on TV Today there is £150 paid to claimants that get benefits of some kind. By taking a private pension, we are excluded so another 150 lost. I was getting that payment as it was not means tested last year, They caught up with a lot of people this year and Rod Stewart has lost his for the mansion house.
This warmer homes scheme is only payable if your name is on the electricity bill.
Its interesting that if you save money when working, you lose,
Pension credit
Housing benefits
Council tax reduction
Optician charges
Dental charges
I also pay tax on the pension.
Maybe a lot more benefits are not given so quite a lot of your pension or savings get gobbled up.
I am lucky as i have enough to last my lifetime so no regrets taking out the pension. I just did not know in the future, i would be taxed on it and my health care would be chargeable. When i worked, health care was free as children were home