Could anyone please help with my query. I am a full time Carer of my husband and am self employed I have a little crafting business that I run for a few hours as and when I can. I am looking at my allowable expenses am I permitted to pay myself a small wage every week or is this only allowable for an employee as I don’t employ anyone it’s just me.
Any advice would be very appreciated.
Thanks Bev Xx
Hi Toyer / Bev … welcome to the canteen.
Carers Allowance and self employment ?
A frequent visitor to the forum !
( Internet search … many forum postings across this and other forums over the years.
MumsNet surprising a rich vein … so I gather … not brave enough to enter that domain without protection ! )
To keep the basics simple … a couple of links to external sites for initial guidance :
Carer's Allowance: Eligibility - GOV.UK
What is Carer's Allowance? - Turn2us
£ 120 per week LIMIT … maximum amount one can earn , employed and / or self employed AND still be eligible for Carers Allowance … £ 123 from 6 April ( Whoopie ? ).
There are various expenses that can be offset against earnings … similar to those that satisfy the TaxMan ( HM Revenue
and Customs ) as deductions before the tax due is calculated.
For most a few £’s over the limit , a personal pension plan seems to be a very common route … excess transfered across
… a definite case of possible jam tomorrow rather than today.
Fun starts if any income related benefits are also claimed … and whether Universal Credit has been rolled out on your manor.
As a freebie , an Online Benefit Calculator for an instant financial m.o.t. :
Everything out there currently being claimed / any abnormalities revealed ?
Council Tax … discount / disregard ?
Housing … if tenant … social / btl … housing benefit ?
Caring side … problems / adequate support / upto date Needs and Carers assessments ?
That’s the basics … feel free to bounce anything else off us here on the forum.