The self-employed income support scheme (SEISS) will be open for two further grants, the first of which will be set at 80% of average profits.
To support the self-employed during COVID, the government announced its SEISS scheme, providing grants matching employees on furlough. The first payout started in May, and the government has announced another payout will be available in August 2020, again to match the extension of furlough to October 2020.
Last month, the government announced its Self-employment Income Support Scheme to support the self-employed during this crisis, with an expected launch date of early June. On Monday, HMRC started writing to those who may be eligible to make a claim under the scheme, telling them to be ready to make a claim when the portal opens next week (between 13 - 18 May).
We all know how important it is to plan for retirement these days - and since the introduction of automatic enrolment, most people in employment are slowly but surely building their nest egg.
Change is on the horizon – from April next year, the self-employed will only pay one Class of National Insurance rather than the two currently payable.