NEW BUSINESS - SELF EMPLOYED BENEFITS

XaviUK

Beartricks said:

In short, ask your work coach about New Enterprise Allowance.

It's a scheme run usually by the local authority that helps people on benefits set up their own business. They'll help you with a business plan, and once you're ready to start trading UC will treat you as Self Employed. The big benefit of New Enterprise Allowance is that you're paid extra by UC for startup costs. I believe its about £60 a week but don't quote me.

Aside from that you'll be expected to report any earnings and these may be deducted from your UC depending on the amount. They'll also treat your self employed work as work activity so you won't be expected to look for work as long as you're actively building your business.

Thanks sooo much! I will have a look into that.