Mar
Self employed support for CV-19
Self employed support for CV-19
We’re having lots of calls about what support the government is giving to the self employed. In certain circumstances Universal Credit (UC) support may be available. UC has been designed to provide support to the self employed to help their businesses.
Please do take the time to read through and see if you are eligible.
So how does it work?
UC is designed to give a “top up” of income based on the national minimum wage, known as the ‘Minimum Income Floor’.
For example, Andrew is 31 and works as a self-employed cleaner. He’s a single parent with a 7 year old child. He’s expected to work 25 hours per work. The minimum wage for his age group is £8.21an hour. The minimum income floor is £8.21 x 25 hours = £205.25 p/w x 52 weeks = £10,673 per year, or £889 per month.
If you earn more than your Minimum Income Floor
Your payment will be worked out according to your actual earnings. You’ll be better off than if you’d earned less than the Minimum Income Floor. The more you earn over the minimum income floor, the less your UC payment will be. The basic rule is for every extra £1 you earn, your UC will go down by 63p.
If you earn less than your Minimum Income Floor
Your payment will be worked out as if you’d earned the Minimum Income Floor amount. This means that although your earnings are low, your UC payment won’t be topped up.
The amount of UC then fluctuates with the income received (it also depends on other factors such as whether you’re in a couple or have children). It has been confirmed that to claim UC because of CV-19, you will not be required to produce a Fit Note and can receive up to a month’s advance upfront without physically attending a jobcentre.
For more information and to see if you are eligible see the below link
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