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benefits and stocks
apple_mac_user
Posts: 52 Forumite
Hello.
I have some questions if someone would be kind to answer.
I get ESA and DLA due to mental health problems.
If I invest my personal money in stocks will this affect my benefits?
I am talking about any aspect of stocks - buying and selling - also if a company happens to pay a dividend will this count as income and affect my ESA? I don't think it affects DLA because this is help for any disabled person regardless of their assets or employment status.
Thank you
I have some questions if someone would be kind to answer.
I get ESA and DLA due to mental health problems.
If I invest my personal money in stocks will this affect my benefits?
I am talking about any aspect of stocks - buying and selling - also if a company happens to pay a dividend will this count as income and affect my ESA? I don't think it affects DLA because this is help for any disabled person regardless of their assets or employment status.
Thank you
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Comments
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DLA is not affected at all.
Stocks are capital, as cash is.
The value of invested stocks is simply taken as the value you'd get back when you sold them, after condition.
If you can sell the stocks, or the rights to sell the stocks, then they count.
If you buy stocks you cannot sell due to their form, for a period, from capital, you may be treated as if you still have the money available, and it will count.0 -
Must be nice to be financially able to invest money in stocks while claiming benefits......0
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Must be nice to be financially able to invest money in stocks while claiming benefits......Financially and mentally. I thought investing in stock was quite demanding and definitely stressful...
Must be nice to see the world so black and white you can be an elitist bigot...Never argue with stupid people, they will drag you down to their level and then beat you with experience.- Mark TwainArguing with idiots is like playing chess with a pigeon: no matter how good you are at chess, its just going to knock over the pieces and strut around like its victorious.0 -
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zoominatorone wrote: »that's what I thought but I was having a rare nice moment. And because the OP mentioned mental illness thought I shouldn't comment because I would get lambasted for picking on them.
You now will be
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can someone clarify what benefit claimants can spend their money on. It seems as if they are sensible with it they are critisised just as much as if they spent in on fags n booze0
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If it contributions based ESA cash/investments of any kind are not taken into account, nor are they for DLA so your benefits would remain unchanged but if you are claiming income based ESA all cash/investments are taken into account and your ESA will be reduced if your total cash/investments are over £6000.0
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can someone clarify what benefit claimants can spend their money on. It seems as if they are sensible with it they are critisised just as much as if they spent in on fags n booze
What these people want to see is benefits bring people to the breadline and not a ha'pny further. The concept is not exactly unreasonable as living on benefits (especially unemployment) should not be a walk in the park, but there are various problems;
Defining the breadline in the first place and the massive variety of different needs (especially when it comes to disability).
Seeing people have some luxuries if they are prepared to squeeze their budget a little seems perfectly acceptable to me; but when I see people living almost solely on benefits (I.e. nobody in the household works, or the work doesn't total a full-time wage) yet still manage to smoke, drink, pay for a 40" plasma with Sky subscription, newest iPhone contract, designer clothes etc. it doesn't add up in my mind.
Some people do need too remember, though, that the best way to judge a society is by the way it treats its poor and needy. Many of the same people up in arms about how 'much' people on benefits have would also not be impressed with how little the poor of many other countries have - and yet the ironic incongruity of their mental juggling would be entirely lost on them.Never argue with stupid people, they will drag you down to their level and then beat you with experience.- Mark TwainArguing with idiots is like playing chess with a pigeon: no matter how good you are at chess, its just going to knock over the pieces and strut around like its victorious.0 -
Not going to get political, we could argue all day hehe :P
But thanks very much for clearing this up - especially 1st answer - they make perfect sense.
Also no need for "flaming" me as you don't know the circumstances - your comments are all based on assumption - I was only asking a question.0
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