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UK: COVID-19 support for self-employed and freelancers

By Alison Weatherhead
March 26, 2020
  • COVID-19
  • Self-employed
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The government has announced a version of the Job Retention Scheme, which will provide a “wage” to those who are self-employed/freelance.  We await the details but in headline terms:

  • The Self-Employment Income Support Scheme will provide payments to self-employed individuals and freelancers so that their net monthly earnings do not fall below 80% of their average monthly profits.
  • A three-year reference period will be used to determine the average monthly profits.
  • The amount recoverable under the scheme will be capped at £2,500 per month.
  • It is available to those whose trading profits were less than £50,000 last year.  More than half of the individual’s income must have come from self-employment and they must have lodged a tax return for 2019.
  • Individuals who pay themselves a salary and dividends through their own company are not eligible, but, if they operate a PAYE scheme, they will be eligible for the Job Retention Scheme.

You can read the government’s announcement here.

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Alison Weatherhead

About Alison Weatherhead

Alison supports and advises clients on the full range of human resource queries and acts for clients in employment tribunals and judicial mediations, predominantly for employers. Her experience in tribunals includes advising on unfair dismissal, disability discrimination claims, whistleblowing claims and unlawful deductions from wages.

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