Pension transfer and social welfare claim

Matty05

I have just accepted voluntary redundancy. I provided all relevant paperwork to Social Welfare. I also have a pension with the Company I worked with, and I want to put this out of reach for myself, so that I will be unable to touch my money until I am closer to retirement age in a few years time. In other words I will be cashing in the pension amount and transferring it to a similar type fund in the bank (something like an investment policy). If this money is tied up, so that I am unable to access it, will it affect my social welfare claim. It would be tied up for 5 years. Would I be correct in thinking that this would only impact on a social welfare claim, if I am still unemployed at the end of this 5 year period? Thank you

mp22

Money held in investment accounts rather than pension acc`s is likely to be classed as savings if you are means tested for JSA ect.