The government is increasing its support to the self-employed over the coming months and ensuring people get paid faster than previously planned, it was announced today, 2 November.
- grants will also be paid faster than previously planned – with the claims window opening at the end of November rather than the middle of December
- To reflect the recent changes to the furlough scheme, the UK-wide Self-Employment Income Support Scheme (SEISS) will be made more generous – with self-employed individuals receiving 80% of their average trading profits for November.
- As SEISS grants are calculated over three months, the uplift for November to 80 per cent, along with the 40 per cent level of trading profits for December and January, increases the total level of the third grant to 55 per cent of trading profits. The maximum grant will increase to £5,160.