is universal credit the possible next step for a ltd company director ?

arrimonk

Hello - im a ltd company director , receiving the lowest amount of furlough , ive received a bounce back loan and im trying to bounce back , but until i do so can i claim universal credit whilst receiving furlough ? many thanks people.

poppy12345

Universal Credit is a means tested benefit and claiming this will totally depend on your circumstances. If you live with a partner you claim as a couple. A claim for UC will end any tax credits you may already be claiming. If you have savings/capital of more than £16,000 you're excluded from claiming. Use a benefits calculator to check entitlement because it's pointless claiming and waiting 5 weeks, if you're not entitled to it. https://www.entitledto.co.uk/benefits-calculator/Intro/Home?cid=c53aa5e6-d28e-422e-acf3-0a3b8d96d408

Edit to add that you will be classed as self employed when claiming UC.

https://www.gov.uk/self-employment-and-universal-credit