I am already working a couple of hours per week and the first £20 is not take off my benefit. I have been sent forward for a course with with the chamber of commerce to prepare for self employment. At the moment I have beeen advised that anything above that I earn will be reduced from my benefit pound for pound. I think there will be a run on with the income support but haven't spoken to the experts yet. I know I would get tax credits with disability premium but would be responsible for my mortgage. Nobody seems to be very clear self employment though.
What tax code would I go on to though?
Yes I do receive DLA low rate care high rate mobility for now but I am improving mobility wise.
What does class 4 mean with regards XXXXX XXXXX contributions? Will I be able to get a state pension or just pension credit? I have a small private pension but only pay £20 per month towards it?
Thanks Sam, one last thing. The firm that I would be working for aims to employ me when his business picks up sufficiently to guarantee that he can pay me. Will that affect my status if I am also self employed elsewhere? Can you be an employee and and self employed?
Thanks Sam for all your help. Not sure I really understand my way around all this yet especially how to fill out a tax return! To clarify then, if I begin working with this firm, I have to register as self employed before I start when still on Income support and fill out a self assesment at begining next year? Then go on to working tax credits? is that right?