| answer text |
<p>The self-employed are very diverse and have a wide mix of turnover and profits,
with monthly and annual variations even in normal times, and in some cases with substantial
alternative forms of income too. The design of the Self-Employment Income Support
Scheme (SEISS), including the eligibility requirement that an individual’s trading
profits must be at least equal to their non-trading income, means it is targeted at
those who need it most, and who are most reliant on their self-employment income.</p><p>
</p><p>Those ineligible for the SEISS may still be eligible for other elements of
the package of financial support available. The Government has temporarily increased
the Universal Credit standard allowance for 2020-21 and relaxed the Minimum Income
Floor for the duration of the crisis meaning that where self-employed claimants' earnings
have significantly fallen, their Universal Credit award will have increased to reflect
their lower earnings. In addition to this they may also have access to other elements
of the package, including Bounce Back loans, tax deferrals, rental support, mortgage
holidays, self-isolation support payments and other business support grants.</p><p>
</p>
|
|
