What help is available for self-employed workers?
The fifth SEISS grant is the last one the government plans to offer and it will be available to claim from late July – the exact date is still to be confirmed. What you’ll get with this grant will depend on your fall in turnover. If it’s been reduced by 30% or more, you’ll get a grant of up to 80% as usual. For those whose turnover has been reduced by less than 30%, the fifth grant will be worth 30% of lost earnings up to a maximum of £2,850. The fourth SEISS grant covered up to 80% of average monthly profits in February, March and April, up to a maximum of £7,500. Applications for this are now closed. The Coronavirus Job Retention Scheme, covering 80% of a furloughed employee’s salary up to £2,500, will be extended until the end of September 2021.