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UC formula for earnings
Starbrite
Posts: 975 Forumite
Does anyone know how to work this out:
Every £1.00 you earn in take-home pay reduces your Universal Credit by 63 pence
For argument sake you get a temp job for a few weeks and the take home pay is say £600.00
How do you work out the 0.63ps to be deducted?
I knew I should of paid attention to johnny and hes 5 apples at school!
Every £1.00 you earn in take-home pay reduces your Universal Credit by 63 pence
For argument sake you get a temp job for a few weeks and the take home pay is say £600.00
How do you work out the 0.63ps to be deducted?
I knew I should of paid attention to johnny and hes 5 apples at school!
Aspiring to be financially independent.... from my parents!
0
Comments
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You are £600 x 63/100 = £378
Note that if you have children included in your claim or have Limited Capability for Work you will have a Work Allowance which means that some of your income is ignored when working out the applicable deduction.
https://www.entitledto.co.uk/help/Work-allowance-Universal-CreditInformation I post is for England unless otherwise stated. Some rules may be different in other parts of UK.0 -
You are £600 x 63/100 = £378
Note that if you have children included in your claim or have Limited Capability for Work you will have a Work Allowance which means that some of your income is ignored when working out the applicable deduction.
https://www.entitledto.co.uk/help/Work-allowance-Universal-Credit
Nope, no kids here! I went for the save the world option of not breeding...
Thank you, I wished they would put the formula on the website instead of defining take home pay... they think we are idiots!Aspiring to be financially independent.... from my parents!0
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