Episode Details

Eric from Time2Retire YouTube channel presents this podcadt about Mark, a UK pensioners. What Mark didn't realize is, state pension is a benefit in the same way that job seekers allowance is a benefit.

With job seekers allowance, you need to have paid national children to be entitled to it.

The same with state pension.

It's a contributory benefit.

So Mark was under the impression that because he had quite a lot of private pensions that he didn't come under the scope of DWP's bank account checks, uunfortunately he does.

And any of us who are claiming state pension benefit or what we call state pension will fall under the same remit as well.