Regualar "Gambling" winnings effect JSA?

Russe11

relic wrote: »

Please stop using this forum when you have absolutely no clue what you are talking about.

Cheers.

What bit do I not have a clue what i'm talking about?

Tobiwan_Kenobi

Russe11 wrote: »

What bit do I not have a clue what i'm talking about?

All of it. A Benefit Fraud Investigator has access to all the information if required. The difficulty would be in proving the OP is a professional gambler.

[Deleted User]

tsimehC wrote: »

Are you on JSA-Income Based? That'd mean there's a £6,500 savings threshold. You're expecting to cashout over that? If you're on the other JSA (contributions), you don't need to worry for the 6-months (max) you're on it.

the threshold is £6000 not £6.5k,after that you loose £1 for every £250 of savings upto £16,000 at which point means tested benefits stop

dealer_wins

Gambling winnings are NOT income, they are NOT taxed, and they are NOT counted as income for benefit purposes.

Poker is a game of luck and skill, and many people have the ability to make good money online by being good at it. Obviously once your winnings take your capital up to a certain amount, this will start to affect means tested benefits.

dmg24

Tobiwan_Kenobi wrote: »

All of it. A Benefit Fraud Investigator has access to all the information if required. The difficulty would be in proving the OP is a professional gambler.

This is key - the earnings/ profit of a professional gambler are counted as income for benefit purposes. However, the instances of individuals being found to be a professional are few and far between. There is case law on the subject if anybody wishes to clarify further.

zagfles

dmg24 wrote: »

This is key - the earnings/ profit of a professional gambler are counted as income for benefit purposes. However, the instances of individuals being found to be a professional are few and far between. There is case law on the subject if anybody wishes to clarify further.

I guess they could claim WTC then - there was someone on the GIOL board asking about whether they could claim WTC for matched betting:)

Russe11

Tobiwan_Kenobi wrote: »

All of it. A Benefit Fraud Investigator has access to all the information if required. The difficulty would be in proving the OP is a professional gambler.

You then are very naive.

Russe11

dealer_wins wrote: »

Gambling winnings are NOT income, they are NOT taxed, and they are NOT counted as income for benefit purposes.

Poker is a game of luck and skill, and many people have the ability to make good money online by being good at it. Obviously once your winnings take your capital up to a certain amount, this will start to affect means tested benefits.

Regardless of whether the income is taxable or not it still count s as money you have comming in to live on.

TaxAvoider

lolz at Russe11 , I am sure he adds in EVERY source of income onto his self assessment form , £10 here and there from the lottery , £1 coin found in the street , £10 gift voucher from Aunty Mabel

I am surprised nobody has piped up with "OK so you won £100, but how much did you LOSE" roflmao ;-)

Russe11

Income based JSA is about your income each week to live on, if you have no income you can claim £67.50

Anything not declared is classed as fraud, no matter how much the amount is.

Catching a fraudulent claimant however is very different, petty amounts are over looked because it cost to much to investigate.

If its the case though that you got reported by a friend or relative and they are oblidged to investigate, then any income they find out about they will just deduct from future payments until the amount is recouped.

Whether it be your getting cash in hand, not declared part time work properly or income from any other source it does not matter.

How do I know, I got grassed by someone who was bitter about my personal circumstances and had my claim reduced to £2.30 a week.