We're aware that some users are experiencing technical issues which the team are working to resolve. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Self Employment & IS & TC's

Options
Hi,

Are the self employed on low income allowed to claim income support or tax credits while there business grows?

Thanks.

Comments

  • mikey_bach
    mikey_bach Posts: 912 Forumite
    Part of the Furniture 500 Posts Combo Breaker
    edited 6 August 2012 at 8:36PM
    what condition of entitlement would you have to I.S,
    eg are you a carer.
    lone parent with child under 5
    On IB....
    it is possible if you have COE
  • Heycock
    Heycock Posts: 1,359 Forumite
    Tenth Anniversary Combo Breaker
    Can't answer re income support but yes to tax credits as long as you're working enough hours which if you're self-employed will be 25 hours a day, 367 days a year. Should be enough!
  • LetItBe_2
    LetItBe_2 Posts: 37 Forumite
    says on many webistes if your on a low income your entitled to it.
  • Caz3121
    Caz3121 Posts: 15,830 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    LetItBe wrote: »
    says on many webistes if your on a low income your entitled to it.

    The website is badly worded and can be confusing

    it says

    Who can get Income Support

    It's for people who all the following apply to:
    • are between age 16 and the age they can get Pension Credit
    • have a low income
    • work less than 16 hours a week, depending on the amount of your wage
    • aren't in full-time study (but there are some exceptions)
    • don't get Jobseeker's Allowance or Employment and Support Allowance
    • don't have savings above £16,000
    • live in Great Britain
    You may get Income Support if you are one of the following:
    • a lone parent
    • on parental or paternity leave
    • a carer
    • a refugee learning English who arrived less than a year ago
    It is actually only people that meet BOTH sections that can claim IS so the bottom part is key
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 350.7K Banking & Borrowing
  • 253K Reduce Debt & Boost Income
  • 453.4K Spending & Discounts
  • 243.7K Work, Benefits & Business
  • 598.5K Mortgages, Homes & Bills
  • 176.8K Life & Family
  • 256.9K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.