Tax credits cut 100% for self employed without children, up to 70% for a single parent and 58% for a couple with children under Universal Credit
Update: the cuts below were in place before the election, but more cuts were announced in the Summer Budget. The Universal Credit Work Allowance drops from up to £263 /m (single parent +1 child+ housing element) to £192 and is abolished for childless claimants. The following figures are therefore underestimated.
Hidden in plain sight – trick or mistake?
the mechanism to cut 100% from some self employed claimants Universal Credit claimant’s basic awards is already in the Welfare Reform Act. An 87% reduction to the Universal Credit Work Allowance for claimants with no dependant children combined with a limit on entitlement if they earn too little, cuts their basic award by 100%. For self employed parents, the basic award could be cut by up to…
View original post 457 more words