PSA: Bounce Back Loans DO NOT affect Universal Credit

Gandhi23

Have just spoken to DWP via UC Journal and they have confirmed the advice offered thus far, interesting bit in bold.

I have received a response advising the  following:
Generally, any money from the bounce back loans would be considered a business asset so disregarded under UC.
Upcoming regulations will also explicitly exclude this money from consideration within UC for a 12-month period.

If you can just let us know when you receive the loan and how much it is for so we can record this in your claim history.

Jeremy535897

Thanks for the update.