Lots of people starting a business will be relying on working tax credits or housing benefit to help them get off the ground and still be able to keep a roof over their heads. I have a lot of people who are becoming worried about this and so I have scoured the internet for some information that might help.
I found this excellent article which seeks to explain what it means for different situations. Have a look and if you know different to what you find in the article then let me know! I think it is really useful...
http://www.permaculturehouseintotnes.co.uk/1/post/2013/04/universal-credit-and-the-self-employed.html
Here is another link to the BBC Q and A about Universal Credit that was useful:
http://www.bbc.co.uk/news/business-11735673
If you are thinking of quitting the 9-5 you absolutely need to know about this and how it will affect you if you will not have an income for a while or you do not have other means of support.
What are your views on the Universal Credit system?
Love Nova xx
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