X-no-archive: yes
Hi,
If I am a company director just starting up a new company (with very little money now)... and I pay myself 7,000 p.a. would I be entitled to council tax benefit (if I have no savings etc?) and what if if I made a big profit in the next year in the company would that count as my savings and thus make me ineligable ?
Cheers
They would probably count company profits which you could have drawn as "notional income". The means tested benefits rules are a lot stricter than tax rules (they can even count loans as income!).
If your income is below 11,000 (more if you have a partner/kids) you may also get some Working Tax Credit.
Post on uk.gov.social-security if you want a more definitive answer.
I don't think so. You need to be in receipt of benefits.
Wrong.
I think not!!
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