Universal Maybe Not?
Zamu has been working with a new start up who’s founder has the support of working tax credits (WTC), to supplement their income.
While working on a SWOT analysis for the next few years we looked at the threat of Universal Credits (UC). These are much in the news as 84% of recipients are in rental arrears due to how the new system works, according to the BBC. We looked at the work done by Low Income Tax Reform Group (LITRG) which has some great tools to help people with the transition and to understand the difference between WTC and UC. In Cornwall the roll out has begun, but has not yet hit the self-employed. It is coming and we all need to be prepared.