Universal credit rates if your self employed

[MOZZER2]

does this extend out to freelancers and contracters too who use a LTD company ? many are getting laid off too

seems a grey area where no one has really answered not to my knowledge anyway

[dandywarhol]

Anybody can apply if you have no income.

[Organ Morgan.]

Anybody can apply if you have no income.

Any single or couple can claim Universal Credit provided their capital is below £16K. Not declaring what's in a bank account, Premium Bonds, an ISA, ownership or part ownership in property that's not their abode, etc, which would take a claimant above that threshold would be a very bad move because the state will discover their undeclared capital via its General Matching Service. The relevant info found here https://revenuebenefits.org.uk/unive...capital-rules/ is pasted below.

Tariff income rules

Capital or joint capital over £6,000 is treated as providing income, known as “tariff income”, of £4.35 per month for each additional £250 (or part thereof). For example capital of £6,250 gives monthly tariff income of £4.35. Capital of £6,250.01 gives a monthly tariff income of £8.70.

The lower limit is £6000, so any capital below £6000 is disregarded.

The upper limit is £16000, so anyone with savings (capital) over £16,000 cannot get Universal Credit.

[dandywarhol]

Plus I was reading theres a 12 week wait,
I also heard and I hope this is not true the message came up something like this you are 33300 in the Q.
The DWP cant cope in normal times

[tell it like it is]

does this extend out to freelancers and contracters too who are directors of a LTD company and running a legitimate business? many are having contract terminated or not renewed too

seems a grey area where no one has really answered not to my knowledge anyway

Fixed your post.

The answer is no it doesn't apply to them.