Guidance
Pension freedoms and DWP benefits
How defined contribution pension freedoms could affect your entitlement to social security benefits.
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Details
Defined contribution pensions build up an individual fund or ‘pot’ of pension savings. Since April 2015, people aged 55 years and over have more freedom and choice about how to access these pension savings.
This factsheet explains how the pension freedoms could affect your entitlement to benefits.
Updates to this page
Published 27 March 2015
Last updated 1 April 2026
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References to Income Support and Income-based Jobseeker’s Allowance have been removed (both English and Welsh versions) following the closure of the benefits and migration to Universal Credit.
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First published.