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Setting up a business while on esa
muddystu
Posts: 2
Newbie
Can I start a ltd business but not make any money would it affect my esa I'm on support group, just want to register the business so I can get some funding for a training course, the job center won't help me with the funding
0
Comments
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Starting a limited company places you under obligations to do things like file accounts (in iXBRL format from 2025), make annual returns to Companies house, complete Corporation tax returns, etc. The course has to be relevant and necessary to the business, otherwise it's not tax-deductable.
While claiming ESA you can only earn £183.50 per week after tax and National Insurance. You will also need to pay a Payroll company to do your payroll so that you pay tax and NI correctly.
If it is income-based ESA, you might find you are better or worse off if you move to Universal Credit (UC). I would recommend using a benefits calculator to check whether you will be worse off if you claim UC as it would be as well to know this before you start the company.
The comments I post are my personal opinion. While I try to check everything is correct before posting, I can and do make mistakes, so always try to check official information sources before relying on my posts.0 -
What sort of course?muddystu said:Can I start a ltd business but not make any money would it affect my esa I'm on support group, just want to register the business so I can get some funding for a training course, the job center won't help me with the funding
As seems extreme to set up a ltd co with all the costs, just for some funding.Life in the slow lane0 -
It's for a skills bootcamp course you either need a employer that's willing to take you on afterwards or a utr0
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