minimum income

uberdriver95

I am worried about minimum income

calcotti

It's not a target you have to reach. What the MIF means is that if you earn less than £1227.50 (net) you will still be treated as if you had earned £1227.50. If you earn more than that your actual earnings will be used.

Your actual net earnings were £111.37. You are treated as having earned £1227.50.

https://www.turn2us.org.uk/Benefit-guides/Universal-Credit-income-and-capital/Self-employed-earnings

poppy12345

You don't add your expenses to your earnings. Your expenses reduce your earnings. You're renting a car that's costing you £1,000 a month?

calcotti

uberdriver95 said: I did earn above 1227.50. I earned 1246.52. after expense balance was 111.37

Are you saying your income was £1246.52 and your expenses were £1135.15 leaving a balance of £111.37.
If so earnings for UC were £111.37.

uberdriver95 said:

..so what should i do for next month 18 October to 17 November to get a full payment of 844 approx.?

As you are a self employed claimant subject to the MIF you cannot get a  payment of your maximum UC amount.

As previously advised:
If you earn nothing your UC is calculated as if you did earn £1227.50.
If you earn more than £1227.50 then the actual earnings will be used.

poppy12345

£1,000 for car rental is crazy.

calcotti

uberdriver95 said:

last month i made 1973.64 - 388.85(fuel) - 1030.22(car and phone) = 554.57 and i recieved 746 in award.

this was without the MIF

In that situation your 'earnings' for UC were £554.57 and the UC calculated accordingly.
If you had exactly the same earnings now although your actual earnings are £554.27 your UC would be calculated as if you earned £1227.50 - that's what the MIF does, it sets a minimum level of earnings to be taken into account regardless of what you actually earn.

uberdriver95 said: im going crazy, what did I do wrong?

Are you saying your income was £1246.52 and your expenses were £1135.15 leaving a balance of £111.37.
If so earnings for UC were £111.37. ------YES.

You didn't do anything wrong - you have simply failed to understand what the MIF means. Did you read the link i posted earlier?

poppy12345

You need to earn £1227.50 on top of your expenses.

calcotti

uberdriver95 said:

now that you know my MIF is set at 1227.50
my car payment is 800 next month

fuel is 250 and mobile 40
how much should I earn in Uber?

I think you are still missing the point. The MIF doesn't mean you have to earn anything in particular - it simply means that if you earn less than £1227.50 you are treated as if you have. Whether you earn nothing or £1227.50 (net) will make no difference to the amount of UC you get because UC will take your earnings as £1227.50 anyway. If you earn more than £1227.50 (net) then the actual figure will be used.

If, before the MIF was applied, earnings of £554.57 resulted in UC payable of £746 that suggests that with the MIF of £1227.50 in place you will never get UC of more than £322/month.

calcotti

uberdriver95 said:

calcotti

suppose I've earned 1300 after expenses next month then what?

Then for UC purposes your earnings are £1300 and your UC will be calculated on that basis.

tomtom256

Your car rental isn't an allowable expense either, unless it is licenced as a hackney cab.

Either way, when subject to the MIF, they will use your MIF amount or earnings (profit) if higher, so you may not get much from UC, going forward. The idea of the MIF is that you reach this amount following a 12 month start-up period.

sammyjammy

It would seem that you are not gainfully self employed for UC purposes, are you seeking employed work as well?  Maybe its something to consider.