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How RSU affect UC
Comments
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Once you have left over earnings related amounts beyond one monthly assessment period, they become savings.The comments I post are personal opinion. Always refer to official information sources before relying on internet forums. If you have a problem with any organisation, enter into their official complaints process at the earliest opportunity, as sometimes complaints have to be started within a certain time frame.0
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I see.
Whatever money I have left now, is actually mostly capital and little bit of savings.
How do I notify UC the amount of capital and savings?0 -
On UC claim under report a change of circumstances option where you will find money savings and investments section to complete.The comments I post are personal opinion. Always refer to official information sources before relying on internet forums. If you have a problem with any organisation, enter into their official complaints process at the earliest opportunity, as sometimes complaints have to be started within a certain time frame.0
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After updating the amount of capital and savings (which will exceed 16k), how is UC gonna consider the surplus earning?
Do I need to categorically mention/notify to UC that the surplus earning is 'converted' to capital/savings?0 -
UC will close the claim and you can reclaim once capital and savings below £16kThe comments I post are personal opinion. Always refer to official information sources before relying on internet forums. If you have a problem with any organisation, enter into their official complaints process at the earliest opportunity, as sometimes complaints have to be started within a certain time frame.0
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mikailman said:UC considered the 30k as surplus earning.
As I sold some shares, not all, how should I report it? Savings 6k and Capital 24k?
And how the earnings will be converted into capital/savings?
The other issue you will have is that you potentially have capital over £16k. However, as long as you are unable to dispose of the shares, then you would have a strong argument that their value should be heavily discounted, and worth much less, if anything at all.1 -
Its been six months I have not received any UC. The account still remains open. I asked them what should I do or what will be done to my claim. They said they have to wait for next payment.
My question is, should I close the claim and re-claim/re-apply again? According to their automated calculation, the surplus is still there, but I dont have that much in savings in reality and I should be receiving some UC.
What should I do now? I had a feeling the person I talked to over the phone or the person who communicated over the journal are not very familiar with how surplus earning work.0 -
Report any change to money, savings and investments.
If you have 6 UC assessment period statements showing zero is due, the claim will be closed. You
can then access the claim and make a reclaim.The comments I post are personal opinion. Always refer to official information sources before relying on internet forums. If you have a problem with any organisation, enter into their official complaints process at the earliest opportunity, as sometimes complaints have to be started within a certain time frame.0 -
Just to be clear, are you @mikailman posting under a new name?
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kaMelo said:Just to be clear, are you @mikailman posting under a new name?0
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