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esa and stock trading
jajjan
Posts: 19 Forumite
Are you allowed to trade stocks online while receiving esa?
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Comments
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Yes if course. You can do anything you like on ESA as long as you inform DWP.Master Apothecary Faranell replied, “I assure you, overseer, the Royal Apothecary Society dearly wishes to make up for the tragic misguidance which ended so many lives. We will cause you no trouble. We seek only to continue our research in peace".0
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The ebay empire must have crashed.........:cool:0
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My inclination would be to say that you are allowed to do what you like with your own money as long as you stay inside the capital limits, but I would have to wonder if trading would be classed as working?0
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My inclination would be to say that you are allowed to do what you like with your own money as long as you stay inside the capital limits, but I would have to wonder if trading would be classed as working?
That's what i wanted to say, is it classed as working?
And what is the capital limit?0 -
Capital limits: if you have less than 6k in savings means tested benefits not affected, between 6k and 16k you lose £1 for every £250, over 16k means tested benefits stop.
As for is it working? sorry can't answer that0 -
Well OP if you can afford to stock trade whilst claiming state benefits one would imagine you don't actually need them.
No one can stop you from doing anything in Britain, But the consequences resulting in what you do could effect you, Remember anything you earn from stock trading must be declared to DWP failure to do so will result in an overpayment and civil fine.0 -
paragon909 wrote: »Well OP if you can afford to stock trade whilst claiming state benefits one would imagine you don't actually need them.
No one can stop you from doing anything in Britain, But the consequences resulting in what you do could effect you, Remember anything you earn from stock trading must be declared to DWP failure to do so will result in an overpayment and civil fine.
I mostly loose money while trading virtually ( not real money ). I'm thinking what about buying lottery tickets or scratchcards, if you win a tenner or £5 here or there, then would you have to declare them earnings aswell?0 -
Go for it whats the worst that can happen, maybe put any profits into scratchcards.0
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