Published On: Tue, Apr 14th, 2020

Martin Lewis provides clarity on self-employed savings and UC claims – what did he detail? | Personal Finance | Finance

Because of this, it is a common practice that self-employed people save cash throughout the year to cover these tax bills.

This, through no fault of the claimant, could affect a Universal Credit claim.

Fortunately, Martin Lewis today confirmed that self-employed people can protect themselves from this issue.

As he tweeted: “CONFIRMED pls share. Self employeds who’ve (rightly) put savings aside to pay tax, can ask this ISNT counted within their total savings on Uni Credit appl’tions (UC’s reduced if savings £6k+, stops if £16k+).”

Source link

Most Popular News