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Uc help please

56 replies

HJT95 · 21/08/2025 18:34

Hi I really need some help please, so last month my shares from my company matured and I was given the option to take them out or leave them in I said leave them in, anyway my payslip shows the gain then underneath my normal salary and before tax deductions, then I have been taxed on the gain which is a few thousand. So my total gross pay is £3982.62. but then underneath it has "transfer" which is the shares going back in, then my normal nett pay of £1080.04. I am on UC due to my part time hours, they have obviously seen this from HMRC and adjusted my entitlement for the month right down to £146 which is approx £1000 less than I usually get from them. So I have rang up and told them and their response was "You have a third party deduction coming from your earnings before. In your last payment, this deduction was for £2149.33. This is a non-allowable deduction and will be classed as earnings when calculating your Universal Credit payment." They have said I am unable to get an advance loan to cover my bills this month. Please tell me there is something I can do about this I literally do not know what to do !!! Any help would be appreciated thank you!

OP posts:
ClassicalQueen · 22/08/2025 23:07

Of course your income should be reduced, you’re claiming money from the state whilst having money stashed away. They should take your UC away.

PinkCampervan · 22/08/2025 23:14

HJT95 · 22/08/2025 23:04

Thank you so so much for your help really appreciate it

You're welcome.

By the way, if you're wondering how I arrived at my figures in my example, it's because I'm really really shit at maths 😆

PinkCampervan · 22/08/2025 23:15

ClassicalQueen · 22/08/2025 23:07

Of course your income should be reduced, you’re claiming money from the state whilst having money stashed away. They should take your UC away.

Wrong. It's £3k. She hasn't won the lottery or something.

AlertEagle · 23/08/2025 09:51

No you was hoping that by reinvesting it it wouldnt show up in your payslip but it did thats why you are upset. Stop convincing yourself you havent done anything wrong. You cant be sitting on money and expect the taxpayers to subsidise you.

Boomer55 · 23/08/2025 17:26

Sell them. It’s simple. You can’t do both things.

Blushingm · 23/08/2025 18:07

Danikm151 · 22/08/2025 21:57

The confusion here is your shares matured.
The amount the company paid you was it your shares plus the amount they increased by or just the increase?

If it was just the increase then that is income.
If it’s your shares original value then they would be disregarded maybe?

Only disregarded after a certain period of time

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