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1/ The Government has announced a new Self-Employed Income Support Scheme to support those who work for themselves.
2/ The government will pay self-employed people, who have been adversely affected by the #coronavirus, a taxable grant worth 80% of their average income over the last three years, up to £2,500 per month, for at least three months.
3/ Self-employed people who are eligible can apply directly to HMRC for the grant, using a simple online form; HMRC will then pay the grant straight into your bank account.
4/ This scheme will be open to those with income of £50,000 or less, who make the majority of their income from self-employment.
5/ For self-employed people who are struggling now, we’ve also made sure that most will be able to access the business interruption loans.
6/ And we’ve also changed the welfare system so that self-employed people can now access Universal Credit in full.
7/ A self-employed person with a non-working partner and two children, living in the social rented sector, can receive welfare support of around £1,800 per month.
8/ Full details on the Self-employment Income Support Scheme can be found here: businesssupport.gov.uk/self-employmen…
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