Hi, I am on a pension credit with a state pension at the lowest rate. I am being lent £100000 as an advance on an inheritance but wonder how this would affect my pension. I understand that I am allowed £10000 in savings but what happens if I go above this.
The reason for the loan is to buy a house abroad where I am intending to move to, but I may rent for a year before committing to buy and so would put £80000 in a savings account and use the rest to pay for the move, get a car and some furniture.
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