× Members

Uc and shares

Start
Prev
1
Next
End

copshaw
Topic Author
Offline

1 month 3 weeks ago #295180 by copshaw

Uc and shares was created by copshaw

When I applied for uc I had previously invested in some shares these subsequently had lost 99% of their value when I applied ,even though I had a large loss and was never in profit should I have informed them as I didn’t think they were capital as they had lost all their value and were sold leaving me a debt shortly after starting my claim ,at no time did I make any money

Please Log in or Create an account to join the conversation.

David
Away

1 month 3 weeks ago #295183 by David

Replied by David on topic Uc and shares

Hi copshaw,

Co-incidentally, yesterday I was informed that whilst the banks provide the DWP details of personal savings accounts , companies don't do the same with shares. So your shares won't appear in DWP random checking. But I think you should inform the DWP even though they have lost 99% of their value as otherwise they could give you a Civil Penalty which is £50.

David

Nothing on this board constitutes legal advice - always consult a professional about specific problems

Please Log in or Create an account to join the conversation.

copshaw
Topic Author
Offline

1 month 3 weeks ago #295190 by copshaw

Replied by copshaw on topic Uc and shares

Many thanks David I will inform them at my review

The following user(s) said Thank You: David

Please Log in or Create an account to join the conversation.

Start
Prev
1
Next
End

Moderators: Gordon, Gary, BIS, Catherine, Wendy, Kelly, greekqueen, peter, Katherine, Super User, Chris, David

Uc and shares

Information

Members

Terms of Use

PIP, ESA & UC are changing.

Don't get left behind!

Over 110,000 subscribers trust our FREE
fortnightly newsletter to keep them informed and prepared.