30 hour childcare for Self employed

Polly22 · 26 September 2017 at 2:45PM

Hi everyone,
It's my first time posting in this group, I hope I've posted in the correct place.
Can anyone help me..

I'm self employed, online seller, work from home, work over 20 hours a week.
I've been self employed over 12 months now, last year I took £17,000 but my business made a loss as purchased a website, computer etc.
So this year I'm hoping for £20,000 turnover (hopefully more) unsure how much profit as been on a few business courses and made some bad buys. Profit maybe less than 5k.

I only take out £200 a month for myself as a wage and rest stays in my business bank account. I'm not limited company so the business money is still classed as my own. I can't afford to pay myself anymore yet as want to keep growing my business and buying more and more stock in.

Question is.. Am I entitled to 30 hours free childcare for my 3.5 year old? Does it go on profit or turnover?

Thanks loads

andrewmp · 26 September 2017 at 3:08PM

you have to earn whatever 16 hours times the minimum wage is , so you should be fine. Isn't that about £120?

andrewmp · 26 September 2017 at 3:10PM

Each parent over the age of 25 must earn at least £115.20 a week at current
rates (as of November 2016). This is the equivalent of 16 hours at the National
Living Wage.
If you are aged between 16 - 24 you must earn at least £64.00 - £111.20 at
current rates (as of November 2016) - depending on your age. This is the
equivalent of 16 hours at the National Minimum Wage for your age.
If you are on an apprenticeship, you must earn at least £54.40 a week at current
rates (as of November 2016). This applies for apprentice parents under the age
of 19, or older apprentice parents in the first year of an ap

Polly22 · 26 September 2017 at 3:36PM

I'm 36, I earn enough in takings but is it profit or takings?

30 hour childcare for Self employed

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