Universal Credit and Dividends

Pandora23

Seeking some advice regarding Universal Credit as we have never claimed before.
My husband is Director of a small business, only employee and receives a minimum salary, with a dividend payment. His business currently can't operate due to Covid-19, so there is no income to pay either his salary or dividends. The nature of his business means that most of the money is tied up in stock. 
We know he isn't eligible for the self-employed income scheme because of the dividends. We think he can furlough & receive the 80% salary and possibly claim Universal Credit.
However, he is worried that if he does manage to receive a dividend payment later in the year, we will have to pay back the Universal Credit. Does anybody know if that is correct? I have had a quick look but as this situation is quite new, it doesn't seem to be covered. My reading of it is that UC is assessed monthly, if he received a dividend payment then he would have to declare it & that would then likely stop our UC payments - can anyone confirm if that is correct?
I should add that I do not work as I look after our child and we do not have savings over £6,000.

C141re077

I’m in a similar situation. Self employed and will eventually receive the 80% earnings but wanted to know if i claim universal credits in the mean time will it affect that and could it mean i don’t get a payout? 

Hope you get a reply 
good luck 
stay safe 

Jeremy535897

He's not eligible for the self employed grant because he's not self employed, not because of dividends.
He can only be furloughed if he does no work for the company other than a director's statutory duties. He would have had to be on the company's HMRC registered payroll at 28 February 2020. If he received a small salary the grant will be small.
UC is never repayable except in cases where the claim was unjustified. What is repayable is the advance some people get when they can't wait five weeks for the first payment. UC will require reporting of the company's income and expenses on a monthly basis, because for UC the company is treated as if it was the sole owner director's own income and expenses. Once the company picks up, UC may reduce or cease to be available

Pandora23

Great, thanks. In relation to UC you have confirmed what I thought. It sounds as though it might be more complicated than I thought though as I had not found anything regarding him having to declare the company's income and expenses, so will have to look into that further as I must have missed it on the UC claim website. 

Thank you again for your help.

Jeremy535897

This might give a bit of guidance:
https://www.gov.uk/self-employment-and-universal-credit