Tax Credits V.. UC and income floor, many people some disabled work self employed and have done for ages many not making much money so get a top up in WTC.
Do you know when you move to Universal Credits after year one "Income Floor" will come in and making little money or a 2nd year loss won't be allowed, they will work out an income for you using there figure as the starting point.
If you go bust and start again you will start with income floor sums straight away.
The Income floor could be 35 hrs minimum wage todays that £11,400 a year
more here https://www.gov.uk/government/upload...employment.pdf
I posted this thread as I have read here and other forums people talk of being self employed not making much but get by, with tax credits
Are you in that postion ? did you know of the change ?
Do you know when you move to Universal Credits after year one "Income Floor" will come in and making little money or a 2nd year loss won't be allowed, they will work out an income for you using there figure as the starting point.
If you go bust and start again you will start with income floor sums straight away.
The Income floor could be 35 hrs minimum wage todays that £11,400 a year
more here https://www.gov.uk/government/upload...employment.pdf
I posted this thread as I have read here and other forums people talk of being self employed not making much but get by, with tax credits
Are you in that postion ? did you know of the change ?