How to declare stock trading on student finance

Hi, so i am an applicant who will enter university in the 2024/2025 academic year this september. I am going to be investing into the stock market, and Im not sure how to declare that on my SFE application. My plan is to invest into an index fund tracking either the NASDAQ100 or the S&P 500. Im assuming this comes under "other" income on the sfe application but it asks me to estimate my income, which is impossible. As I could lose money or gain money, and its just not possible to estimate how much that will be. Also, do I only need to declare how much income I will make during the uni terms and not during the long summer holiday? And do i need to declare it if I only take money out during the long summer holiday? Any help is appreciated. The amount to be investing will likely be around 6k. (savings)

Reply 1

MolecularTwerp

OP

12

Should I not declare it now, and If i make any income by selling stocks during the academic year I just contact SFE to let them know it happend? Is that allowed? Also is income defined by:
1) How much the stock has risen since I invested (I havent sold the shares and got the cash out yet)
2) How much money I have gained after selling the stock (Sold the share and got the cash)

Reply 2

Graeme SFE

Official Rep

8

Original post by MolecularTwerp

Hi, so i am an applicant who will enter university in the 2024/2025 academic year this september. I am going to be investing into the stock market, and Im not sure how to declare that on my SFE application. My plan is to invest into an index fund tracking either the NASDAQ100 or the S&P 500. Im assuming this comes under "other" income on the sfe application but it asks me to estimate my income, which is impossible. As I could lose money or gain money, and its just not possible to estimate how much that will be. Also, do I only need to declare how much income I will make during the uni terms and not during the long summer holiday? And do i need to declare it if I only take money out during the long summer holiday? Any help is appreciated. The amount to be investing will likely be around 6k. (savings)

Hi there,

We only need to know about any taxable unearned income that you plan to receive.

So, the kind of income you're talking about is earned, and it's likely taxable too.

So, you don't need to let us know about this, that's okay.

Thanks, Graeme

How to declare stock trading on student finance

Quick Reply

Related discussions

Articles for you