Universal Credit: Self-employed

(asked on 11th May 2020) - View Source

Question to the Department for Work and Pensions:

To ask the Secretary of State for Work and Pensions, whether savings for the tax liability of self-employed people held in personal bank accounts count towards the capital limit for universal credit.


Answered by
Mims Davies Portrait
Mims Davies
Parliamentary Under-Secretary (Department for Work and Pensions)
This question was answered on 19th May 2020

Where a claimant has capital over £16,000 we will contact them to understand their circumstances and determine eligibility. If this money is to be used for business or tax purposes, it will not be counted towards their capital, but they may be asked to prove that the money is for these purposes.

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