We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Definition of earning for Carers Allowance
Bowey123
Posts: 75 Forumite
Is there a definition of earnings for CA? Is it the same as for UC where dividends and salary from the company are earnings?
0
Comments
-
Are you self employed? Are these dividends taken from your own company?Our green credentials: 12kW Samsung ASHP for heating, 7.2kWp Solar (South facing), Tesla Powerwall 3 (13.5kWh), Net exporter0
-
The dividends would be from a personal company. So not self employed. An employee of the company and shareholder. I know that UC regs say earnings are salary plus divis from the company0
-
Are you a director of the company ?Bowey123 said:The dividends would be from a personal company. So not self employed. An employee of the company and shareholder. I know that UC regs say earnings are salary plus divis from the company0 -
Director and shareholder0
-
If I remember correctly dividend payments are classed as income from capital, not earned income. As such any dividend payments are not counted when determining eligibility for carers allowance.0
-
If I read the thread correctly, the OP is Sole Shareholder and Director for their own Ltd Co.
In the case of UC, that would be treated as self-employment and the assessment of earnings would "pierce through the veil" of the Ltd Co. to determine underlying income per assessment period (after permitted expenses are deducted).
I do not know whether the assessment of earnings for Carers Allowance is on the similar basis.1
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.5K Banking & Borrowing
- 253.7K Reduce Debt & Boost Income
- 454.5K Spending & Discounts
- 245.5K Work, Benefits & Business
- 601.5K Mortgages, Homes & Bills
- 177.6K Life & Family
- 259.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards
