Got my UC migration appt tomorrow and am so stressed about it. No idea what to expect. I started my own business a couple of months ago. It’s doing ok but technically not in profit yet due to the startup costs, but I saw on another thread that apparently UC don’t consider startup costs? Can that be right?
I turned 55 this year so I was able to cash in a (very very small) lump sum pension, and I used this money to set up the business but it’s all gone now on startup costs such as premises (had to pay 6 months rent in advance), equipment, stock etc.
But if UC don’t count this, then what does that mean about the pension I received? As I was on CTC & WTC then, I didn’t declare the pension at the time bc I just intended to do so at the end of the tax year when I knew all my earnings. The pension sum was taxed at source but I thought I might get the tax back next April.
So if UC is calculated monthly rather than annually, does that mean they’ll ignore both the fact that I received this pension payment AND that I’ve spent it on the business, bc this all happened before starting my UC claim?
I’m also terrified about the idea of ‘notional’ earnings. Can they come after me retroactively to ‘claim back’ benefits which I never actually claimed? (Eg. JSA which I didn’t claim years ago because I wasn’t actually looking for a job at the time?)
I feel like cancelling the UC claim but am terrified they’ll still come after me for something in the past.