Earning 55k a year on minimum wage

Liam222th

I'm surprised I've earned so much but I've managed it, just wondered if there's any help with tax or benefits etc, I'm doing about 100 hours a week but I've never had any help at all, is there anything I can look into or is it not worth the hassle?

1275l is my tax code 

la531983

You are asking if there is any help with benefits if you earn 55k a year?

Erm....

Liam222th

la531983 said:

You are asking if there is any help with benefits if you earn 55k a year?

Erm....

More help with tax or benefits to be honest, I work 100 hours a week, most people do a lot less and get a lot more help

la531983

I don't think this is a serious thread but I will let the site admin decide. 

poppy12345

la531983 said:

You are asking if there is any help with benefits if you earn 55k a year?

Erm....

Some families maybe entitled to Universal Credit, even with those level of earnings. It will just depend on their circumstances, especially if there's dependent children claiming disability benefits. 

Just to add further, you may also want to have a read of the sticky at the top of the forum..https://forums.moneysavingexpert.com/discussion/365935/its-about-helping-people-get-their-entitlement-not-about-benefits-policy#latest

Liam222th said:

I'm surprised I've earned so much but I've managed it, just wondered if there's any help with tax or benefits etc, I'm doing about 100 hours a week but I've never had any help at all, is there anything I can look into or is it not worth the hassle?

1275l is my tax code 

As I advised above, it will depend on your circumstances. If you're a single person then it's highly unlikely you will be entitled to any means tested benefits. 

Liam222th

poppy12345 said:

la531983 said:

You are asking if there is any help with benefits if you earn 55k a year?

Erm....

Some families maybe entitled to Universal Credit, even with those level of earnings. It will just depend on their circumstances, especially if there's dependent children claiming disability benefits. 

Just to add further, you may also want to have a read of the sticky at the top of the forum..https://forums.moneysavingexpert.com/discussion/365935/its-about-helping-people-get-their-entitlement-not-about-benefits-policy#latest

Liam222th said:

I'm surprised I've earned so much but I've managed it, just wondered if there's any help with tax or benefits etc, I'm doing about 100 hours a week but I've never had any help at all, is there anything I can look into or is it not worth the hassle?

1275l is my tax code 

As I advised above, it will depend on your circumstances. If you're a single person then it's highly unlikely you will be entitled to any means tested benefits. 

Thanks, I'm single, I guess that's seen as a bad thing when it comes to benefits 

Sarahspangles

Well you’re certainly a hard worker, is there any reason you’re not in a better-paying job? There's some routes to ‘help’ with training and setting up a business.

Are you going to end up paying Higher Rate Tax? 

poppy12345

For help with tax you need to post over on the cutting tax part of the forum, this is the welfare benefits section. 

Liam222th

Sarahspangles said:

Well you’re certainly a hard worker, is there any reason you’re not in a better-paying job? There's some routes to ‘help’ with training and setting up a business.

Are you going to end up paying Higher Rate Tax? 

I've got a strong work ethic, but I've tried getting a skill or qualifications and failed every time, I did a plumbing course once and even that was too hard, I was a bit gutted really

poppy12345

Liam222th said:

poppy12345 said:

la531983 said:

You are asking if there is any help with benefits if you earn 55k a year?

Erm....

Some families maybe entitled to Universal Credit, even with those level of earnings. It will just depend on their circumstances, especially if there's dependent children claiming disability benefits. 

Just to add further, you may also want to have a read of the sticky at the top of the forum..https://forums.moneysavingexpert.com/discussion/365935/its-about-helping-people-get-their-entitlement-not-about-benefits-policy#latest

Liam222th said:

I'm surprised I've earned so much but I've managed it, just wondered if there's any help with tax or benefits etc, I'm doing about 100 hours a week but I've never had any help at all, is there anything I can look into or is it not worth the hassle?

1275l is my tax code 

As I advised above, it will depend on your circumstances. If you're a single person then it's highly unlikely you will be entitled to any means tested benefits. 

Thanks, I'm single, I guess that's seen as a bad thing when it comes to benefits 

Benefits threshold is very low so being a single person, even if you have rent costs, there's very likely going to be no entitled to Universal Credit with the level of income. 

Sarahspangles

Liam222th said:

Sarahspangles said:

Well you’re certainly a hard worker, is there any reason you’re not in a better-paying job? There's some routes to ‘help’ with training and setting up a business.

Are you going to end up paying Higher Rate Tax? 

I've got a strong work ethic, but I've tried getting a skill or qualifications and failed every time, I did a plumbing course once and even that was too hard, I was a bit gutted really

Apprenticeship, and do what you do now as a side gig?