Universal Credit for a Limited Company Director

CharlieR1

Illusionary said:

If you're still receiving your usual salary (for which you're reclaiming 80% via the Job Retention Scheme?), I'm not sure why you'd also look to claim Universal Credit - unless you set your salary payments are at a very low level?

Yes it is set up low. So the 80% furlough is only worth £575p/m

SugarSpices

Hi
I have couple of questions..please help with it...
First of all what is solo director?
If have food takeaway limited company and have lease on my name but for my takeaway....
Would i be the solo director?
Would i be self employed?  How?
Would i be employed? How,
If i have to claim UC then someone said i have to pay both part of NI? What is both part of NI?
UC isn't paying to solo director of a limited company. They want a dividend?  What is dividend? 

Thanks 

poppy12345

SugarSpices said:

Hi
I have couple of questions..please help with it...
First of all what is solo director?
If have food takeaway limited company and have lease on my name but for my takeaway....
Would i be the solo director?
Would i be self employed?  How?
Would i be employed? How,
If i have to claim UC then someone said i have to pay both part of NI? What is both part of NI?
UC isn't paying to solo director of a limited company. They want a dividend?  What is dividend? 

Thanks 

Please start your own thread. You asked your question on the end of someone else's thread that's 6 months old.

Jeremy535897

SugarSpices said:

Hi
I have couple of questions..please help with it...
First of all what is solo director?
If have food takeaway limited company and have lease on my name but for my takeaway....
Would i be the solo director?
Would i be self employed?  How?
Would i be employed? How,
If i have to claim UC then someone said i have to pay both part of NI? What is both part of NI?
UC isn't paying to solo director of a limited company. They want a dividend?  What is dividend? 

Thanks 

You should start your own thread, but your questions show you don't understand the basic rules for sole director companies, taking salaries or dividends, national insurance or universal credit. You should have an accountant. Talk to them. If you don't, talk to someone you trust in business who can recommend an accountant.

Grumpy_chap

SugarSpices said:

Hi
I have couple of questions..please help with it...
First of all what is solo director?
If have food takeaway limited company and have lease on my name but for my takeaway....
Would i be the solo director?
Would i be self employed?  How?
Would i be employed? How,
If i have to claim UC then someone said i have to pay both part of NI? What is both part of NI?
UC isn't paying to solo director of a limited company. They want a dividend?  What is dividend? 

Thanks 

Your own thread would be better, but do you actually have your own Ltd Co?