Self-Employment Income Support Scheme open for applications

The Government Self-Employment Income Support Scheme is now open for applications.

The Government Self-Employment Income Support Scheme is now open for applications.

Grants of up to £7,500 are available to millions of self-employed workers from this morning.

 

The Self-Employment Income Support Scheme (SEISS) grant is worth up to 80% of average trading profits for the self-employed, such as hairdressers and cleaners who are unable to work due to the Coronavirus restrictions. The SEISS is a temporary scheme, but it may be extended by the Government.

The grants will be calculated as 80% of the average monthly profit over a period of up to three years.

The government said the money will be paid into the accounts of eligible people six days after applying.

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Chancellor Rishi Sunak said

With payments arriving before the end of this month, the self-employed across the UK will have money in their pockets to help them through these challenging times.

Those able to make a claim have already been contacted by HMRC and can use a unique reference to make their claim.
 

 

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