Discussion in 'Cardiff City Forum' started by Nugent, 24 Mar 2020.
This 80% average of your self employed earnings amendment, is it through parliament yet?
No, nor is the detail
We'll email you when we know the detail
Martin lewis just made a good video for the self employed
Mucky was it?
80% of minimum wage x 16 hours for you then Nuge
It's on my Facebook
For those who don't have the pleasure of having you on facebook..
Theres a few holes in the self employed scheme.
During the 3 tax years mentioned, I was a company director so I have to claim the PAYE part through my limited company.
As the business is on the brink of closure, it's not appropriate for my limited company to claim anything on my behalf.
That leaves me with UC, which is means tested and I wont be able to claim cos my missus is on too much.
My mate only became self employed this year, doesnt qualify for any scheme now, doesn't earn much and again, cant claim UC cos his partner just earns above the threshold.
Yet heres the hole.
You could have 2 people living together, one who is on say £100k per year PAYE and is still working on full pay, the other person a sole trader, who cant work and his profits say he can have £2,500 per month.
Theres gonna be a lot more people than the suggested 5% the chancellor reckon will lose out.
What salary did you take Nuge?
I’m assuming just to the allowance threshold to avoid paying National Insurance contributions on the rest?
Martin Lewis - Cunny Shaving Expert
May as well watch his show on iplayer from last night trav
Oh I didn’t realise it was on the telly
It’s perfectly logical that the government only covers the income that you decide to pay national insurance on though right?
Yes of course. I dont think Nugent is saying otherwise.
The issue is NICS hasn't been ringfenced in the past for it's intended purpose, its has been transferred to the general tax fund by HMT and used for public spending where there is a tax shortfall
I do think those who are recently self employed should be able to have their NI contributions looked at and helped out accordingly
I know, I fucked it up good and proper