The second income support grant for the self-employed is still available, covering the three months from 14 July.
Here are a few points about it that you may not be aware of:
- Most self-employed people with income of less than £50,000 per year are potentially eligible, though there are some exceptions.
Your business needs to have been adversely affected by the pandemic, but even a small adverse effect is enough – things like:
– Your business hasn’t grown as fast as you thought
– Work has been delayed
– You’ve had to buy additional protective equipment, or refit your workplace to allow for social distancing.
- You can claim the second grant even if you didn’t claim the first one. The only difference is that you have to be adversely affected at some point in the relevant period (before 14 July for the first grant, afterwards for the second one).
- The grant is 70% of your ‘expected’ earnings for three months, with a cap on the grant of £6,570.
- You can still work, or take on a new job, while claiming the grant.
- Claims need to be made by 19 October.
If you have any questions, or would like any help making a claim, do give us a call .