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£1,000 trading allowance (hobby income)

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3 years 8 months ago #262835 by declan1
Hi
I hope you are well
I am in receipt of PIP, ESA & HB
I would like to know how the trading allowance
works & would it affect my benefits
Thank you

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3 years 8 months ago #262873 by LL26
Replied by LL26 on topic £1,000 trading allowance (hobby income)
Hi declan1,
I'm afraid I don't know anything about this. I have managed to find a website which might help.
www.litrg.org.uk/tax-guides/self-employm...at-trading-allowance
It seems this is more of a tax break than something to do with ESA.
UC will take this into account, I think probably because you can work and claim UC as it replaces tax credits.
I'm not sure what happens with ESA/HB, but it is likely that if you have income this may preclude ESA or HB.
PIP is not means tested so will not be affected.
I'm sorry I can't help further.
LL26

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