My income is reducing - will the government pay me anything? (Self-employed or Employed)

[Lou]

My income is reducing - will the government pay me anything? (Self-employed or Employed)

Based on PAYE apparently so, although opinions seem varied and fact-checking isn't easy.

Please use this thread to discuss this and help each other out.

 

[adiewadie247]

This is the link to the information as it is updated. Support for those affected by COVID-19 - https://www.gov.uk/government/publications/support-for-those-affected-by-covid-19/support-for-those-affected-by-covid-19

 

[Edcheek]

I believe if your employed then your company can apply for a scheme to pay 85% of salary but this is capped at £2500 a month. I look after a group of electricians on a large construction site and the general feel is we will close soon and then will get paid £2500 a month until it reopens. None of us are too sure regarding tax and NI contributions though so not 100% what take home will be.
As for self employed status I am not too sure but I would imagine you would have to prove earnings etc. There is apparently an allowance for self employed also

 

[Andy78]

Martin Lewis from Money saving expert has posted this on his Facebook page this evening.


"Self-employed help update:
1. I've confirmation govt is on this right now. It aims to make further help announcement this week, once its watertight. So hold on.
2. Apply for Uni credit. Housing payments changes mean it may be bigger than you think, inc some circs £1500+/mth untaxed."

Loading…

www.facebook.com

 

[Lam Thai]

Martin Lewis from Money saving expert has posted this on his Facebook page this evening.


"Self-employed help update:
1. I've confirmation govt is on this right now. It aims to make further help announcement this week, once its watertight. So hold on.
2. Apply for Uni credit. Housing payments changes mean it may be bigger than you think, inc some circs £1500+/mth untaxed."

https://www.------------/mrmartinlewis

website name please?

 

[Andy78]

website name please?

Like I said it's from his facebook page, but this forum jinxed the link so you'll have to look it up.

 

[Lam Thai]

Like I said it's from his facebook page, but this forum jinxed the link so you'll have to look it up.

NP I found his Twitter feed. Still ambiguous, too many hurdles to jump as I hate FB and will never log in again.....