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universal credit dilemma
bartman612
Posts: 29 Forumite
I am a company director struggling to keep my business going and also my family and home going.
Universal credit include dividends when calculating the amount you get.
Furlough doesn't include dividends.
Is this correct.
Universal credit include dividends when calculating the amount you get.
Furlough doesn't include dividends.
Is this correct.
0
Comments
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Furlough definitely doesn't include dividends.
As a company director, if you do any work for the company other than legal obligations as a director, you can't claim furlough.
If the business is struggling, presumably it won't declare any dividends at the moment. I understand universal credit looks at savings and income.I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.0 -
Dividends are not counted as salary for working out furlough payments.
Dividends are not treated as income for UC, but they are added to capital (and therefore count towards the £6,000 and £16,000 savings limits) from the date they are due to be paid.0
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