Covid-19 rescue deal for Self employed.

[jamesbrown]

As per the Coronavirus bill which is currently going through the parliament it is lower of either £2917 or 80% of average earnings last three years.

We don't know yet Director/Shareholder Dividend+Salary will be eligible.

I think you're confusing an opposition amendment with a gov't amendment.

House of Commons Public Bill Committee Amendments: Coronavirus Bill pages 1-7

The gov't may accept it, but they probably won't because they're preparing something else.

[Hobosapien]

Problem with UBI is people require vastly different amounts to stay afloat.

Only because the government are trying to cover all sorts of scenarios. The simplest way is to freeze everything not absolutely essential for combating the pandemic and supporting the population, so all bills are frozen and everyone only has to worry about food and the essentials until things can go back to normal.

Essential work continues and if it needs funding they get it from those government 12 month interest free loans rather than their normal income routes.

Then everyone can easily survive on less than a grand an month if they stop going to Harrods for their food.

It doesn't need to be any more complex than that.

[Grasser73]

Only because the government are trying to cover all sorts of scenarios. The simplest way is to freeze everything not absolutely essential for combating the pandemic and supporting the population, so all bills are frozen and everyone only has to worry about food and the essentials until things can go back to normal.

Essential work continues and if it needs funding they get it from those government 12 month interest free loans rather than their normal income routes.

Then everyone can easily survive on less than a grand an month if they stop going to Harrods for their food.

It doesn't need to be any more complex than that.

Less than a grand a month - I wish! MrsG spends £700 on full livery for her nag of a horse

[Paralytic]

Less than a grand a month - I wish! MrsG spends £700 on full livery for her nag of a horse

There's still a shortage of meat at many supermarkets....

[PerfectStorm]

Can anyone give a straight answer as to whether 'we' can claim Universal Credit? Some saying self employed should. Does company money count as savings, for example?

[northernladuk]

Can anyone give a straight answer as to whether 'we' can claim Universal Credit? Some saying self employed should. Does company money count as savings, for example?

How can company money count as savings???

[mallisarealperson]

Last time I checked a few years back when universal credit was first introduced,ltd company directors could NOT apply. Unlike jsa before it. You have to resign from ltd company and then submit accounts to benefit agency Maybe that has chaned recently. As for sole traders not sure.

[d000hg]

It may be they relax it or already have. Might as well apply. Assuming you've been canned.

Sent from my ONEPLUS A6003 using Tapatalk

[PerfectStorm]

How can company money count as savings???

Well as you keep saying, the company and you are separate.

Anyway it looks like we may end up being offered 80% of self assessment income up to the £2.5k cap.

£125 day rates! That should keep the wolves away at least

[PerfectStorm]

Martin Lewis - Are you self employed and need financial...

"I have it confirmed by the government that they are working on a support package for the self employed... announced friday at the latest"