Self-employed and financially impacted by Covid-19?
We've got you covered👇
coronavirus money manual
What is the Self-employment Income Support Scheme?
The Self-employment Income Support Scheme was announced by Rishi Sunak and allows self-employed people to claim a taxable grant worth 80% of your trading profits up to a maximum of £2,500 per month for the next 3 months. This may be extended if needed.
When will it be paid?
Am I eligible?
Have less than £50k profit a year, HMRC will work this out from your….
2018/19 tax return, or
the average of your 2016/17, 2017/18 and 2018/19 tax returns, and...
Have filed a tax return for 2018/19
I need income now, what can I do?
You might be eligible for Universal Credit and ESA, but criteria is tight
Focus on delaying and cutting your bills….are you in credit on your utilities?
Contact your lenders asap to secure breathing space and perhaps set up an arrangement such as a mortgage/debt/council tax holiday
Can I carry on working/trading and still get the ££?
Yes. It’s ‘furloughed’ PAYE employees who aren’t allowed to work. You can carry on working/trading, but don’t break govt public health guidelines
It’s called a ‘grant’, do I have to pay it back?
Will it be taxed?
"I’m a freelancer”…"I’m a sole-trader"…..is that the same as self-employed?
I’ve been ‘furloughed’ at 80% of my salary. I’m also a freelancer at weekends. Will I be eligible?
I went self-employed in 2019. Will I get help?
I stopped being self-employed recently. Can I claim for freelance work carried out in previous years?
How do I make a claim?
Hang on a sec...I’ve just had an email/text/call from HMRC saying I’m eligible
I'm not eligible for the government Self-employment Income Support Scheme.
Unfortunately some self-employed people have fallen through the cracks and won't benefit from the government Self-employment Income Support Scheme. If that's you, don't panic.