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<p>The Self-Employment Income Support Scheme (SEISS), including the £50,000 threshold,
is designed to target those most in need, and who are most reliant on their self-employment
income. Some 95 per cent of people who receive the majority of their income from self-employment
could benefit from this scheme.</p><p> </p><p>The self-employed are a very diverse
population. They have a wide mix of turnover and profits, with monthly and annual
variations even in normal times. Some may see their profits unaffected by the current
situation, while others have substantial alternative forms of income: for example,
those who had more than £50,000 from self-employment profits in 2017-18 had an average
total income of more than £200,000. The self-employed can also offset losses against
profits in other years and other forms of income.</p><p> </p><p>Those with average
profits above £50,000 may still benefit from other support. Individuals may have access
to a range of grants and loans depending on their circumstances, and the SEISS supplements
the significant support already announced for UK businesses, including the Coronavirus
Business Interruption Loan Scheme and the deferral of tax payments. More information
about the full range of business support measures is available at <a href="http://www.businesssupport.gov.uk/coronavirus-business-support/"
target="_blank">www.businesssupport.gov.uk/coronavirus-business-support/</a>.</p><p>
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