Martin Lewis explains ‘key’ to self employed people being able to get financial support

Martin Lewis explains ‘key’ to self employed people being able to get financial support

Speaking at the daily Downing Street press conference on Friday, he announced a second grant would be available under the Self-Employment Income Support Scheme (SEISS).

Currently, the scheme allows eligible people affected by the coronavirus crisis to claim a taxable grant from the government.

This grant is worth 80 percent of their average monthly trading profits, paid out in a single instalment covering three months’ worth of profits, and capped at £7,500 in total.

Following Mr Sunak’s announcement on Friday, those eligible who want to claim the first grant must make their claim on or before July 13, 2020.

Published at Thu, 04 Jun 2020 12:53:00 +0000