โ€บ Universal Credit
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Is there anyone here on Universal Credit and Self Employed?

chockieschockies Member Posts: 61 Courageous
edited January 2019 in Universal Credit
Hi Everyone ๐Ÿ‘‹๐Ÿป

Does anyone have any advice about what it is like to be self employed and on Universal Credit?

I found out today that Universal Credit replaces Working Tax Credit so if I went back to work payments may be a lot different as a self employed person?

I read something about having to earn more and income floor, but do not understand it at all.

Iโ€™m not sure that I would ever be able to be self employed again.

I am sorry I meant to post this in Universal Credit category, I posted in the wrong category.

Chockies.

Replies

  • Pippa_AlumniPippa_Alumni Scope alumni Posts: 5,851 Disability Gamechanger
    Hi @chockies, I'm no expert on UC by any means but Citizens Advice have some helpful information on their website:

    Your Universal Credit payment will change each month depending on your earnings and other circumstances. How much you get also depends on whether you're in a couple or have children.

    You won't be able to find out exactly how much Universal Credit you could get each month. If you want to get a rough idea, you canย use the entitledto benefits calculator.

    When the DWP work out your Universal Credit payment each month, they'll compare your real earnings with how much they expect you to earn each month - this expected amount is called your 'minimum income floor'. The DWP take this into account when working out your Universal Credit payment.

    The minimum income floor doesn't apply to everyone. If it doesn't apply to you, your payments will be based on what you actually earn through self-employment.

  • chockieschockies Member Posts: 61 Courageous
    Hello and thank you @Pippa_Scope ๐Ÿ˜€.

    I finally understand the minimum income floor, the wording does not make sense to me on the government website.

    I wonder why they do not give an amount anymore?

    I know everyoneโ€™s income is different but that has always been the case.

    I will check out the calculator, it gives me a bit of hope to think I might be able to go back to work this year.

    Chockies.


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