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dwalsh1

Universal credit for self employed

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You've got to make an account with the government and apparently have to declare savings. Is this going to affect what they pay you?

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Chances are they won't pay anything if you have over a certain amount of savings. That's how it worked back when I was 18 & signed on. Was well before UC mind but I can't imagine it's changed much in that regard.


Laissez les bons temps rouler

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Today they announced that they will pay %80 of the average earning over last three years. They said they will contact us to fill a form or sth. Starting in June hopefully but that will be 3 months backdated.

As far as know for universal credit you should have less than 16K on savings.

 

https://smallbusiness.co.uk/self-employed-income-support-scheme-what-it-means-for-you-2549988/

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43 minutes ago, ashcroc said:

Chances are they won't pay anything if you have over a certain amount of savings. That's how it worked back when I was 18 & signed on. Was well before UC mind but I can't imagine it's changed much in that regard.

That's what I'm thinking.

 

18 minutes ago, Inspector said:

Today they announced that they will pay %80 of the average earning over last three years. They said they will contact us to fill a form or sth. Starting in June hopefully but that will be 3 months backdated.

As far as know for universal credit you should have less than 16K on savings.

 

 

https://smallbusiness.co.uk/self-employed-income-support-scheme-what-it-means-for-you-2549988/

May just hang on until June

 

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