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JSA (IB) - Stocks and Shares Question
ash781
Posts: 16 Forumite
I've been claiming contribution based JSA that will end in a few weeks.
I have stocks/shares that I bought a few years ago. The present value is approx £25K, dividends this year were £750 (but obviously varies year on year). This was declared on my original claim.
Will I still be able to claim incomed based JSA? I know about the upper savings limits of 16K - will the share value (£25K) be treated as 'savings'? or do they just consider the income they generate (the dividends) and make a deduction?
I just want to know if I'm expected to sell the shares and live off the proceeds until it falls below the thresholds.
I've looked on the government websites but I can't find any information or specific rules, other that stocks and shares have to be declared when making a claim.
I have stocks/shares that I bought a few years ago. The present value is approx £25K, dividends this year were £750 (but obviously varies year on year). This was declared on my original claim.
Will I still be able to claim incomed based JSA? I know about the upper savings limits of 16K - will the share value (£25K) be treated as 'savings'? or do they just consider the income they generate (the dividends) and make a deduction?
I just want to know if I'm expected to sell the shares and live off the proceeds until it falls below the thresholds.
I've looked on the government websites but I can't find any information or specific rules, other that stocks and shares have to be declared when making a claim.
0
Comments
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Your shares are counted as savings.
So, you will not be eligible for IB - JSA.
https://www.entitledto.co.uk/help/savings
Look at the "What to include as savings" paragraph.Alice Holt Forest situated some 4 miles south of Farnham forms the most northerly gateway to the South Downs National Park.0 -
Shares are treated as savings (minus 10% of their value).I enjoy flower arranging, kittens, devil worship, the study of serial killers and their methods and road kill jigsaws.0
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