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Self Employment Income Support Scheme – Update 29 May 2020

The Chancellor Rishi Sunak has this evening (29 May) announced updates to the Self Employment Income Support Scheme (SEISS) as follows:

The SEISS has been extended to allow self-employed workers across the UK to access a second and final grant from the government in August. The grants paid out will be worth 70% of a self-employed person’s average monthly trading profits to cover three months’ worth of income with a cap of £6,750.

You can read the full Government announcement here.

You can read more about the SEISS Scheme below:

Self Employment Income Support Scheme Announced

Self Employment Income Support Scheme (SEISS) update 14 April 2020