Government extends Self-Employment Income Support Scheme

(2 minutes to read)

The IPSE has very much welcomed the government’s latest announcement that the SEISS is to be extended until August.

The government has extended the Self-Employment Income Support Scheme (SEISS) meaning that in August those eligible will be able to claim 70% of their average trading profits.

Those able to claim can receive up to £6,570 for the months June, July and August.

The Association of Independent Professionals and the Self-Employed (IPSE) has welcomed the announcement but also warns that the government has ‘patently forgotten’ certain groups, such as Limited Company directors and the newly self-employed.

Andy Chamberlain, Director of Policy at IPSE, said, “It will be an overwhelming relief for many self-employed people that the government has heeded our calls and extended SEISS. The scheme is a vital lifeline for millions of people and it is absolutely right that the government keeps it running.”

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He added, “It is fair that, as with the Job Retention Scheme, the government has tapered the support on offer for the self-employed. However, it is disappointing that there will still be two months when employees can access support and the self-employed cannot. The government should watch the situation carefully and be ready to step in if the UK’s self-employed need more support.

“It is also vital that the government does not ignore the self-employed who cannot access this scheme. At the moment, groups like freelancers working through limited companies and the newly self-employed have patently been forgotten. We urge the government to consider these groups and also help them through the coming months.

“The extension of SEISS will protect a large proportion of the self-employed sector, but after Coronavirus, the country will be looking to all of the UK’s 5 million-strong flexible workforce to get the economy back on its feet.”

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