Tax Credits UC and income floor self employed

Billy_two_speakers

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/uploads/system/uploads/attachment_data/file/209511/universal-credit-toolkit-quick-guide-self-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 ?

Dunroamin

It's been discussed frequently on here; many of us think it an excellent idea.

shedboy94

It would certainly show who is actually genuinely s/e and who is s/e purely to claim WTC and avoid the conditionality of signing on. I suspect there may be a lot of "businesses" closing down........

Icequeen99

Some disabled people will be exempt from the income floor as it only applies to those people who are in the 'all work group'. It will apply to people who are able to work full time only.

IQ

Billy_two_speakers

Icequeen99 wrote: »

Some disabled people will be exempt from the income floor as it only applies to those people who are in the 'all work group'. It will apply to people who are able to work full time only.

IQ

have you a link to where it says disabled exempt income floor ?

Housing_Benefit_Officer

It will get rid of all the 'bogus' self employed who only really tinker about with a hobby and not a real business or run completely bogus loss making businesses subsidised with Working Tax Credits just so they can be removed from the unemployment statistics.

Icequeen99

Billy_two_speakers wrote: »

have you a link to where it says disabled exempt income floor ?

http://www.legislation.gov.uk/ukdsi/2013/9780111531938/regulation/62

Bottom of Regulation 62. People who are in the no work requirements group, in the work focused interview group only or work prep requirement only are exempt from the MIF.

IQ

Billy_two_speakers

Icequeen99 wrote: »

http://www.legislation.gov.uk/ukdsi/2013/9780111531938/regulation/62

Bottom of Regulation 62. People who are in the no work requirements group, in the work focused interview group only or work prep requirement only are exempt from the MIF.

IQ

Thanks for the link