Dividends

cando
cando Online Community Member Posts: 1 Listener
edited March 2019 in Employment & Support Allowance (ESA)
Are you allowed to accept dividends if you are on contribution based ESA

Comments

  • wilko
    wilko Online Community Member Posts: 2,438 Championing
    Dividends are income and count the same as savings, rental income, share's evt ect.
  • Sam_Alumni
    Sam_Alumni Scope alumni Posts: 7,602 Championing
    Hi @cando
    Welcome to the community, I have asked @BenefitsTrainingCo to take a look at your question to see if they can help.
  • BenefitsTrainingCo
    BenefitsTrainingCo Online Community Member Posts: 2,621 Trailblazing

    Hi cando,

    Dividends (ie payments from stocks and shares) are ignored as both income and capital for contribution based employment and support allowance.

    If you are receiving any top up of income related employment and support allowance, or are receiving any other means-tested benefit such as housing benefit, then this income will need to be declared and will affect the amount of benefit you receive.

    regards,

    Michael

  • lighthouse
    lighthouse Online Community Member Posts: 8 Listener
    Hello 

    I get ESA contributions based and I'm in the support group. ESA told me there is a weekly earnings limit. Does that include shareholder dividends? 

    Would a tax refund affect the ESA claim?




  • chiarieds
    chiarieds Online Community Member Posts: 17,408 Championing
    Hello @lighthouse - & welcome to the community. Your query has been answered by calcotti here: https://forum.scope.org.uk/discussion/76903/dividends-and-tax-refund#latest

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