Those who went into contracting too recently are at high risk of not being provided with government support during the Coronavirus crisis.
This includes a number of groups of self-employed people, such as the over-60s, 50-59-year-olds and new mothers – this is according to latest research carried out by the Association of Independent Professionals and the Self-Employed (IPSE).
The IPSE findings show that there were 83,000 more self-employed people aged 60+ last year, out of a total 156,000 rise in the number of self-employed people. This was an increase of 11% on the previous year.
There were also 38,000 more 50-59-year-olds (an increase of 3%) and 22,000 more 16-29-year-olds (an increase of 4%). There were also 25,000 more self-employed mothers (a 4% increase on the previous year).
However, the Self-Employment Income Support Scheme is only open to those who filed a tax return for the year 2018/19.
Chloé Jepps, Head of Research at IPSE, said, “This research, looking at the year-on-year increase in the number of self-employed, suggests the groups that were growing most quickly last year and are therefore most likely to miss out on support now.
“The groups most at risk of being left out in the cold seem to be not only older freelancers, but also mothers – who are if anything more likely to be in need of support.”