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Universal Credit advice

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  • Michail
    replied
    Originally posted by NowPermOutsideUK View Post
    Im sorry to hear of your change in circumstances. Just bear in mind Universal Credot is £400 a month for a single person and you need less then 16k savings to qualify

    I don’t know anyone in my circle of friends who claimed it

    The benefit system in the Uk is dreadful sadly
    yeah totally agree with you. They just put hurdles everywhere.

    Leave a comment:


  • GhostofTarbera
    replied
    Originally posted by NowPermOutsideUK View Post
    Im sorry to hear of your change in circumstances. Just bear in mind Universal Credot is £400 a month for a single person and you need less then 16k savings to qualify

    I don’t know anyone in my circle of friends who claimed it

    The benefit system in the Uk is dreadful sadly
    Unless you have kids


    Sent from my iPhone using Contractor UK Forum

    Leave a comment:


  • NowPermOutsideUK
    replied
    Im sorry to hear of your change in circumstances. Just bear in mind Universal Credot is £400 a month for a single person and you need less then 16k savings to qualify

    I don’t know anyone in my circle of friends who claimed it

    The benefit system in the Uk is dreadful sadly

    Leave a comment:


  • Michail
    started a topic Universal Credit advice

    Universal Credit advice

    Hi all,

    The time comes that i am getting shafted and let go and i am thinking of claiming universal credit as i can't see any help for LTDs directors in the horizon.

    Shall i issue myself a P45 before i contact UC?

    The guidance also says :

    Business assets

    If you are gainfully self-employed your business assets will not be taken into account when you make a Universal Credit claim. Nor will they be considered when we work out how much Universal Credit you are entitled to. Business assets include things like machinery, premises and cash held in your business account.


    Has anyone had any issues with that?

    Thanks

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