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Furlough leave june. The self employment income support scheme grant extension provides critical support to the self employed in the form of 2 further grants each available for 3 month periods covering november 2020. The treasury previously said it would cover 20 of average monthly profits up to a total of 1875 covering november to january next year under the self employment income support scheme seiss. The third seiss grant for lost earnings between november 2020 and january 2021 will now cover up to 80 of self employed earnings for november then up to 40 of earnings in december and january up to a maximum of 5160.
Data from johns hopkins university at 1002 utc 29 oct 2020 rishi sunak the chancellor confirmed that the increase would be to an average of 55 of trading profits over the wider period from. Originally this grant was due to be worth 20 percent of average monthly trading profits capped. We have updated the page to tell you when the online service for the.
The self employment income support scheme has been extended for six months with a third and fourth grant to be made available. Each grant will cover two three month periods with the first covering november 2020 to january 2021. The portion of the grant for november will cover 80 percent of profits meaning the november to january payment will be worth 55 percent of profits in total capped at a maximum of 5160 in total.
On 22 october chancellor rishi sunak had increased the grant from 20 to 40 to a maximum of 3750. The third self employment income support scheme seiss grant covers the period from november to january and its value in november will be increased from 40 to 80 of profits meaning over the three months itll be worth 55 of profits up to a maximum of 5160.
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