Support for the self-employed, contractors, freelancers and gig economy
Self-employed Income Support Scheme
The government announced in November that there would be a fourth grant from Self-employed Income Support Scheme (SEISS).
Find out if you are eligible for the fourth grant which will cover the period February-April 2021:
- grant will be set at 80% of three months’ average trading profits, paid out in a single instalment, capped at £7,500
- grant will consider 2019 to 2020 tax returns and will be open to those who became self-employed in tax year 2019 to 2020
- to be eligible for the fourth grant you must be a self-employed individual or a member of a partnership.
For more information on the scheme, click please visit the gov.uk website.
The government has also announced that there will be a fifth and final grant covering May to September 2021. You will be able to claim from late July if you are eligible for the fifth grant. The amount of the fifth grant will be determined by how much your turnover has been reduced in the year April 2020-April 2021. Please visit the gov.uk website for more information.
Statutory Sick Pay
If you are a ‘gig-economy’ or zero hours contract worker you may be eligible for Statutory Sick Pay (SSP) – check your eligibility on gov.uk.
If you are not entitled to Statutory Sick Pay, you may be eligible for benefits such as the Employment Support Allowance (ESA) or Universal Credit. Please contact your local Jobcentre Plus for claims for either Universal Credit or ESA.
Self Assessment tax return
If you’ve already filed your Self Assessment tax return, you might be able to pay the bill in instalments.
What you need to do depends on whether you want to:
- make payments against your latest bill
- make advance payments against your next bill