JSA (IB) - Stocks and Shares Question

ash781

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.

Alice_Holt

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.

Afraid_of_Kittens

Shares are treated as savings (minus 10% of their value).