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<p>The new Self-Employment Income Support Scheme (SEISS) will help those adversely
affected by COVID-19. Some 95% of people who are mainly self-employed could benefit
from this scheme, based on 2017-18 data.</p><p> </p><p>The design of the SEISS, including
the £50,000 threshold, means it is targeted at those who need it the most, and who
are most reliant on their self-employment income. Those who had more than £50,000
from self-employment profits in 2017-18 had an average total income of more than £200,000.</p><p>
</p><p>Those with average trading profits above £50,000 could still benefit from other
support. Individuals may have access to a range of grants and loans depending on their
circumstances, including the Bounce Back Loans Scheme for small businesses, the Coronavirus
Business Interruption Loan Scheme, and the deferral of tax payments.</p>
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