experience with tax credit migration to universal credit and a MIF question?

peteuk

christhefatcat said:

peteuk said:

You will need to prove your gainfully self employed, if your failing to reach the MIF in your start up year, you will be asked to meetings to show how you would reach this.

However the minute you apply, your TC will stop.  You will then be given an in year review of your TC.  Your UC will then take that date (or the following day) as the first day of your assessment period.  So for instance apply 10 Jan, 1pm your assessment period may be 11 Jan - 10 Feb.  Your first payment will be 5-7 days after so likely to be 17 Feb.  That will set your monthly assessment period and payment date (give or take weekends/bank holidays) 

You will be asked to declare your earnings on the last day of your UC assessment period and as you say reduced 55p per pound from your UC

if your not found gainfully self employed you will need to seek X hours of employment (depending on circumstance) 

Thanks. I am already gainfully self employed, have been for years. Just never scaled the business up.
I will ask in my next scheduled meeting. 

I expect to make money but no where near to the MIF at the moment.

Complicated? It is the examples they use they do not show what happens to your benefit amount if you do not meet the MIF. If it is zero payment a month then fine I am ok with that.
I am very surprised I cannot find any definitive answer or cases online about what happens.

You may think your gainfully self employed have UC agreed?

poppy12345

peteuk said:

christhefatcat said:

peteuk said:

You will need to prove your gainfully self employed, if your failing to reach the MIF in your start up year, you will be asked to meetings to show how you would reach this.

However the minute you apply, your TC will stop.  You will then be given an in year review of your TC.  Your UC will then take that date (or the following day) as the first day of your assessment period.  So for instance apply 10 Jan, 1pm your assessment period may be 11 Jan - 10 Feb.  Your first payment will be 5-7 days after so likely to be 17 Feb.  That will set your monthly assessment period and payment date (give or take weekends/bank holidays) 

You will be asked to declare your earnings on the last day of your UC assessment period and as you say reduced 55p per pound from your UC

if your not found gainfully self employed you will need to seek X hours of employment (depending on circumstance) 

Thanks. I am already gainfully self employed, have been for years. Just never scaled the business up.
I will ask in my next scheduled meeting. 

I expect to make money but no where near to the MIF at the moment.

Complicated? It is the examples they use they do not show what happens to your benefit amount if you do not meet the MIF. If it is zero payment a month then fine I am ok with that.
I am very surprised I cannot find any definitive answer or cases online about what happens.

You may think your gainfully self employed have UC agreed?

In their first comment they said their start up period is coming to an end so they must have been found to be gainfully self employed. 

christhefatcat

Turns out whatever I do, if I do not or do exceed the MIF the payment is ZERO. I will remove myself from this when it ends, end of March. 

The micro small business pays my bills, so it’s nothing too bad not receiving UC. 

Also for the 12 month start up period I will receive 11 payment's.

Hope this is helpful to others doing this. Thanks for all the replies, very useful. Cheers