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SEISS Refusal
TedC
Posts: 15 Forumite
I am aged and receive a State Pension of approx £6,000 and declare part time income of approx £5.000
Total approx £11,000 to HMRC and been informed too old for Universal Credit.
And not eligible for SEISS
because my non trading income is more than my income was more than my profits
Ted Charlton
Total approx £11,000 to HMRC and been informed too old for Universal Credit.
And not eligible for SEISS
because my non trading income is more than my income was more than my profits
Ted Charlton
0
Comments
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Yes that statement appears correct, do you have a question?0
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These are Three Years Income0
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My state declared pension I earned over last 60 years my present incomes were only over last 3 years why no help?
Thx Ted C.0 -
They are correct, you're not entitled to SEISS for the reasons you mentioned.
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Difficult to understand, the totals for the 3 years seem a lot but are divided by 3 (years)
Thx Ted C.0 -
What's difficult to understand? To be eligible to claim SEISS your self employed income must form at least 50% of your total income and yours doesn't.0
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TedC said:I am aged and receive a State Pension of approx £6,000 and declare part time income of approx £5.000
Total approx £11,000 to HMRC and been informed too old for Universal Credit.
And not eligible for SEISS
because my non trading income is more than my income was more than my profits
Ted Charlton
In each of the 3 years your "other" income (State Pension) is more than your self employed income.
You might be eligible for Pension Credit Guarantee if your current self employment income is low.
Check it out using this Pension Credit calculator: https://www.gov.uk/pension-credit-calculator"All shall be well, and all shall be well, and all manner of thing shall be well."
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Even in the annual figures, your non-trading income is higher than your trading income every year. You are only eligible for SEISS if your trading income exceeds 50% of your total income. Unfortunately that isn't the case for you, so you're not eligible.TedC said:Difficult to understand, the totals for the 3 years seem a lot but are divided by 3 (years)
Thx Ted C.Signature down for maintenance :rotfl:0 -
Not sure what the question is here.
Self-employed income is less than 50% of total income so you do not qualify for SEISS. The decision in the letter is correct to the rules.0 -
Sadly, that is correct you don't qualify for the self-employed grant. If you need help in understanding the complexities of the rules for claiming the SEISS "Tax Help for Older People" a charitable organisation linked to the Chartered Institute of Taxation may have someone to help explain this further.0
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