AIBU to be worried about this. Can some expert MNers advice?
Been researching but it is very complicated...
Basically my situation is that I am single parent to a 2 year old. I am a self-employed riding instructor, work on average between 16 and 20 hours a week depending on how many lessons I teach. I have 11 fixed hours, the rest are variable. Some weeks I might have loads, if weather bad, I might have fewer. Also these lessons are not at fixed times, it varies from week to week.
I frequently have to work 'unsociable' hours as evenings and weekends are when people are free to have lessons which makes childcare difficult although I have got a childminder who has DD two evenings a week. DD father not available for any childcare as he works away on a non regular basis so can NEVER commit to being around at a certain time unless he has 6 months notice. my parents help but they also work full time so a lot of flexible juggling is required by me.
First year of business net profit was around £5500. Hoping it is more this year but obviously being on my own with a toddler, it isn't always easy especially with poor weather this summer meaning riders have cancelled a lot. I currently recieve CTC, WTC and a small amount of HB.
My worries with new system are
monthly accounting that doesn't seem to take into account annual outgoings (ie if I have a month where I have to pay my insurance or memberships I might fall below the minimum income floor but would make up for it in other months,
monthly accounting doesn't take into account seasonal incoming - I earn considerably more in holidays when children want lessons more often (twice a week etc) than in the term time - I also teach pony club which is holiday only. I also tend to earn more in the summer than the winter as is outside work.
Am not sure how many hours I need to work to not have to be available to workfare. If I had a slow month (poor weather etc) would I then be expected to attend workfare meeting or do unpaid short term work which would obviously make it impossible for me to arrange lessons with private clients therefore totally undermining my business
Will I have to make a presentation on the validity of my business to the DWP in order to be eligable?
also is it true that HB element will stop after 2 years regardless of income? Even if your earning power is restricted by being a single parent with a toddler?
Please if anyone could advice me, have I understood correctly? the more I am reading online the more anxious I am becoming. Whilst I agree that the benefit system needs updating, this UC seems to be massively penalising people like me trying to run a small business as a single parent.