If your business profits as a sole trader, or salary and dividend from a personal from working though a company – combined with any jobs or other sources of income – are below the prescribed limits you may be able to claim Tax Credits to top your income up.
- Child Tax Credit helping you with the cost of raising a family,
- Working Tax Credit topping up low income from work (employed or self employed)
HMRC’s guide is at: https://www.gov.uk/benefits-credits/tax-credits
The amount you can claim depends on income, family and personal circumstances. Its best to use the calculator on HMRCs website, link above, and put your details in.
http://www.entitledto.co.uk/benefits-calculator/ is also very useful for Tax Credits.
Tax Credits are being phased out in favour of Universal Credit over coming years – the rates should be the same as Tax Credits, but the administration is different.
Alas these benefits are not straightforward, and some perseverance may be needed.