Hi, my name is misriko! Self employed. is figure UC use the final figure after expenses or before?

misriko
misriko Online Community Member Posts: 1 Listener
edited October 2024 in Universal Credit (UC)

Hello everyone

I'm considered self employed on the MIF of £1550. When I report my income and expenses, is the figure UC use the final figure after expenses or before? I'm very confused.

Comments

  • poppy123456
    poppy123456 Online Community Member Posts: 64,042 Championing

    Your earnings are after expenses. However, if your earnings are less than your MIF amount then it will be the MIF figure they use. If your earnings are more than that amount it will be your earnings figure they use.