Universal Credit

The following are a range of credits and are all the applicable monthly rates:

 

  2017/18  2016/17 
Minimum amount £0.01 £0.01
Standard allowance 
Single:
- under 25 £251.77 £251.77
- 25 or over £317.82 £317.82
Couple (joint claimants):
- First child £277.08 £277.08
- Second/subsequent child £231.67 £231.67
Work allowance
Higher work allowance (no housing element):
Single:
- no dependent children Nil £111
- one or more children £397.00 £734
- limited capability for work £397.00 £647 
Joint claimants:
- no dependent children Nil Nil
- one or more children £397.00 £397.00
- limited capacity for work £397.00 £397.00
Lower work allowance
Single:  
- no dependent children Nil Nil
- one or more children £192.00 £192.00
- limited capacity for work £192.00 £192.00
Joint claimant:
- no dependent children Nil Nil
- one or more children £192.00 £192.00
- limited capacity for work £192.00 £192.00

 

Other rates apply but are not included here as follows:

  • Third party deductions
  • Fraud overpayments, recoverable hardship payments and administrative penalties at 40% of UC standard allowance
  • Normal overpayments and civil penalties at 25% of UC standard allowance if claimants and/or partner's earnings are over the work allowance.

 

SJD Accountancy

SJD Accountancy are the UK's largest specialist provider of fixed fee, Limited company accountancy services to contractors; we've been acting for contractors across the UK since 1992 and have more than 15,000 clients.

We are the only national specialist firm of contractor accountants with offices nationwide. SJD Accountancy has more qualified staff than any other firm in our market with qualifications from the following major tax and accountancy bodies - ATT, AAT, CTA, ACCA, CA, ACA and FCCA.

  • Unlimited face to face meetings. This is a unique service only SJD Accountancy offers - unlimited face to face meetings across the UK - tax is complicated and sometimes only a meeting will do.
  • UK's Largest contractor accountants with more qualified staff. No call centres, no outsourcing, no automated call handling. Simply telephone, email or meet your own dedicated accountant face to face.
  • Money back service guarantee. All your Emails received by 4pm on any normal working day will be answered the same day. Should it be necessary to leave a telephone message it will be answered same day/following day latest or we will make a full refund of that months fee.
  • Outstanding reputation. We have won more awards for customer service and accountancy excellence than any other firm in our market, including: Best Accountant for Contractors, Accountant of the Year and Best Professional Service Team to name just a few.
  • All inclusive low cost fixed fee accountancy package which includes completion of accounts*, payroll bureau, dividends and corporation tax computations, personal taxation, free bookkeeping software, your own dedicated accountant* and all company returns for a fixed fee starting from £120 plus VAT per month. Check our packages for more detail.

If you have any questions about contracting or would like any further advice please call our new client services helpdesk on 01442 275789 or email: janice@sjdaccountancy.com. Our new client services helpdesk is open Monday to Friday (8am to 6pm).

Appoint SJD Accountancy and never worry about your tax or accountancy affairs again.

Form your own Limited company with SJD - our same day online company formation service includes company bank account set up, VAT/PAYE registration and advice on optimum share structure. 

You may also find the following pages, guides and case studies useful:

*If you would like us to complete your company year end accounts we simply ask that you have been a client of SJD for one year or have made 12 monthly payments. All accountants are part or fully qualified.