The latest email from HMRC indicates that SEISS has to be taken into account in assessing Universal Credit. But does it also affect Tax Credit entitlement?
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The latest email from HMRC indicates that SEISS has to be taken into account in assessing Universal Credit. But does it also affect Tax Credit entitlement?
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I vote yes.
I vote yes too - because it is taxable income, being my reason.
I vote yes too.
I also vote yes.
Working Tax Credit has been replaced by Universal Credit for most people. UC claimants have to report their income in the preceding 4 weeks whereas SEISS is paid as a lump sum covering several months. No idea how the two interact - I recommend guidance from Citizens Advice.
There is a question at the beginning of a UC claim asking if you have received SEISS during the claim period. As universal credit is based on cash accounting, I don't think it matters that it covers a prior period to that of the claim, just the fact it is income during that monthly claim period. That's my understanding.
I thought I read somewhere that existing WTC claimants were being migrated to UC between November 2020 and 2024 but that the process had been delayed by the pandemic. If so - there is probably quite a lot of life left in the WTC yet.