Are winnings taken as income when claiming?

Queen_b_5

Hello all

I understand that winnings from betting/lottery etc are not taxed in the UK, however, could anyone tell me whether they are considered when applying for HB and other benefits? I'm only talking £100 here and there, nothing life changing unfortunately!

Many thanks.

harry7075

Don't tell them

zagfles

No, though you're subject to the usual capital rules if you have a big win.

And no you can't claim WTC for matched betting (someone did ask that once!)

Queen_b_5

Ha ha well I wasn't going to tell but I may be going self employed in the next few months so also worried about the implications there. HB normally want to see bank statements when things change.

What is matched betting?

jobbingmusician

Try looking on the matched betting board

It's a way of extracting money from bookies without risk or gambling.

Heycock

Cash is king.

wayne0

Queen_b wrote: »

Ha ha well I wasn't going to tell but I may be going self employed in the next few months so also worried about the implications there. HB normally want to see bank statements when things change.

What is matched betting?

keep things in cash in the shops? most shops pay out cash for about 150 or more lottery wins (scratchies etc)

i actually went to the job centre a few years ago chuffed, and let slip that i just won 50 quid... with a fiver disregard, they;ll take it off the benefit...

just think of the hundreds u loose... your prob not winning, but when u do its counted? !!!!!!?

miduck

wayne0 wrote: »

with a fiver disregard, they;ll take it off the benefit...

No, they will not - unless you are a career gambler, any winnings from gambling, bingo etc are counted as capital not income.

scootw1

Makes you wonder how people can afford to gamble on benefits.

cidergirl

scootw1 wrote: »

Makes you wonder how people can afford to gamble on benefits.

because they see it as free money not earnt money , well my son does !!

somethingcorporate

And that is the problem with society today