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Definition of earning for Carers Allowance
Bowey123
Posts: 96 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?
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Are you self employed? Are these dividends taken from your own company?I am a Forum Ambassador and I support the Forum Team on the Benefits & tax credits, Heat pumps and Green & Ethical MoneySaving forums. If you need any help on those boards, do let me know. Please note that Ambassadors are not moderators. Any post you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own & not the official line of Money Saving Expert.0
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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
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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
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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
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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
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