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Uc and shares

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copshaw
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1 month 2 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

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David
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1 month 2 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

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copshaw
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1 month 2 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

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