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Do I have to repay any/ all Universal Credits paid to me?
ivyh
Posts: 2 Newbie
I am self employed just put in a claim for universal credits. Is this a loan I have to repay? I'm not requesting an advance for UC, there is a lack of information as to wether I have to repay any monies paid. Thank you so much in advance for any clarity on this.
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Universal credit is only repayable if your claim was wrong. You may be thinking of tax credits where you have to repay them in certain circumstances. If you get an advance on UC, it is repaid out of UC claims.1
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Jeremy535897 said:Universal credit is only repayable if your claim was wrong. You may be thinking of tax credits where you have to repay them in certain circumstances. If you get an advance on UC, it is repaid out of UC claims.
I was told that when you do have a job again you get taxed extra as you will taxed until you pay your universal credit off. Is this correct?0 -
helder21 said:Jeremy535897 said:Universal credit is only repayable if your claim was wrong. You may be thinking of tax credits where you have to repay them in certain circumstances. If you get an advance on UC, it is repaid out of UC claims.
I was told that when you do have a job again you get taxed extra as you will taxed until you pay your universal credit off. Is this correct?
No, this is not correct. As has been advised, UC does not have to be repaid back, unless you have an advance payment when you first claim.
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Thanks for this. Likewise is Universal credit a taxable income on tax return for self employed?poppy12345 said:helder21 said:Jeremy535897 said:Universal credit is only repayable if your claim was wrong. You may be thinking of tax credits where you have to repay them in certain circumstances. If you get an advance on UC, it is repaid out of UC claims.
I was told that when you do have a job again you get taxed extra as you will taxed until you pay your universal credit off. Is this correct?
No, this is not correct. As has been advised, UC does not have to be repaid back, unless you have an advance payment when you first claim.0 -
Universal credit is not taxable.0
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Universal Credit is not taxable. - https://www.gov.uk/income-tax/taxfree-and-taxable-state-benefitsivyh said: Likewise is Universal credit a taxable income on tax return for self employed?Information I post is for England unless otherwise stated. Some rules may be different in other parts of UK.0 -
Who is telling you this stuff? Don't believe anything they tell you if this is a representative sample of their advice.helder21 said: I was told that when you do have a job again you get taxed extra as you will taxed until you pay your universal credit off. Is this correct?Information I post is for England unless otherwise stated. Some rules may be different in other parts of UK.0
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