Follow this topic
Q&A » ISAs
After all it is not savings in the regular sense of the word and shares being a risk may not be worth anything tomorrow. Also they are a long term investment so are no tlike having ready available cash in the bank..
Report
212They could also be worth a fortune tomorrow too.
Their value on the day or close to it would be used.
Owning shares is a bit of a luxury ... 8-)
Posted on 24 November 2009 |
Love 0 loves
Report
7
804
410Simple answer - yes. The current value would be taken, not what you hope they might grow to in future.
I don't know what benefits you are thinking about, but the 'standard' capital limits are 6k - over which benefit starts to be reduced - and 16k, over which you don't get any benefits.
manzanilla
Posted on 24 November 2009 | Love 0 loves
Report
348If you own shares, they are usually taken at face value not current value. If they are £1 shares they are considered worth £1 even though the price may be higher. The limit for savings for the over 50's increased this month from £6,000 to £10,000 for Guaranteed pension credit, council tax benefit and housing benefit.
Posted on 28 November 2009 | Love 0 loves
Report
Sign in or register to post an answer.
Register with lovemoney.com to start asking and answering questions on Q&A.
Get started nowRegistered already? Great! You can just sign in to ask and answer questions.
Sign in
Retweet
Comments (
Facebook