Hi, I have a question if anyone can help, I am a single parent to a three year old, I run a market stall 2 days a week and currently claim child & working tax credits. The stall runs at a very low profit, esp at moment with this long winter.
I am not sure what will happen to me when UC comes in, I'm having trouble understanding this
"If there are no limitations on the number of hours you can work, the minimum income floor is likely to be the equivalent of you working 35 hours per week at the National Minimum Wage for your age group. Your Universal Credit payment will reflect this assumed level of earnings and so will be less than you would receive if you were unemployed or only working a few hours per week."
(Taken from above link kindly posted by fluffymovie)
Will they assume all self employed are working full time?!
What is meant by 'limitations on number of hours'?
I have a feeling I will have to give up the stall and just go on benefits until my son starts school as we won't be able to afford to live without the equivalent of tax credits.
Can anyone help
Tell me what to expect?
Many thanks
I am not sure what will happen to me when UC comes in, I'm having trouble understanding this
"If there are no limitations on the number of hours you can work, the minimum income floor is likely to be the equivalent of you working 35 hours per week at the National Minimum Wage for your age group. Your Universal Credit payment will reflect this assumed level of earnings and so will be less than you would receive if you were unemployed or only working a few hours per week."
(Taken from above link kindly posted by fluffymovie)
Will they assume all self employed are working full time?!
What is meant by 'limitations on number of hours'?
I have a feeling I will have to give up the stall and just go on benefits until my son starts school as we won't be able to afford to live without the equivalent of tax credits.
Can anyone help
Tell me what to expect?
Many thanks