I’m claiming Universal Credit, with LCWRA due to ME/CFS diagnosis. I understand this gives me a ‘Work Allowance’ of £673 per month.
I also work part-time as self-employed. I earn £339 per month for this work.
I have an Income Protection Insurance (sickness) policy on which I can claim up to £204 per month if I choose to.
If I claimed on the IP Insurance, this would take my total monthly income to £543, which is less than the Work Allowance.
If I claim on the insurance policy, would this be counted as being supplemental income within the limit of the Work Allowance? Or would I be 'penalised' with a reduction in my UC payment?
Payments received under an insurance policy to insure against the risk of losing income due to illness, accident or redundancy (Income protection Insurance) is taken fully into account.
Gary
Nothing on this board constitutes legal advice - always consult a professional about specific problems
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