Gambling (spread betting) — Scope | Disability forum
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Gambling (spread betting)

Lostsoul13
Lostsoul13 Community member Posts: 53 Listener
in Benefits and financial support
Spread betting in uk is classes as gambling-

can you gamble within the 3000£ investment and stay within the saving asset cap 

and spend your gambling winnings if they don’t take you over the 6000 saving cap. 


3000 investment and 3000 gain/win

but your doing this every month would this be allowed? 
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Comments

  • poppy123456
    poppy123456 Community member Posts: 49,744 Disability Gamechanger
    You could have asked the question on your other thread. What you do with your savings if it's under £6,000 is entirely your decision. £6,000 is the lower amount of savings and there's a deduction of £1/week for every £250 or part there of over that amount. Savings of more than £16,000 will end all means tested benefits.
    I would appreciate it if members wouldn't tag me please. I have all notifcations turned off and wouldn't want a member thinking i'm being rude by not replying.
    If i see a question that i know the answer to i will try my best to help.
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