Universal Credit payments change each month depending on the claimants circumstances. These circumstances will take into account if the claimant is in a couple or if they have children.
The DWP will work out the claimants payment on a monthly basis taking into account real earnings with how much the claimant expects to earns.
This expected amount is called the ‘minimum income floor’ but this rule has just gone through radical changes as the budget has been announced.
The minimum income floor is applicable for the gainfully self-employed who have a business that has been running for more than 12 months.
It it is calculated using the national minimum wage for the claimants age group multiples by the number of hours they are expected to look for and be available for work. It also includes a deduction for tax and national insurance.
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