Updated 13 October 2020
Self-Employment Income Support Scheme
Under this scheme, you could get 70% of your average profits up to a maximum of £2,190 per month from the government. HMRC will calculate how much you should get based on your self-employed profits. You’ll get 1 payment to cover lost income for 3 months.
Applications for the second grant close on 19 October 2020.
The government will look at your tax returns to see if you’re eligible - if you’re not sure you can check the rules on GOV.UK.
More immediate support
There are two types of support that you may be able to receive through the welfare system:
Employment and Support Allowance (ESA)
You can apply for Employment and Support Allowance (ESA) if you have a disability or health condition that affects how much you can work.
You can also apply for ESA if you cannot work while you are self-isolating or ‘shielding’ because of coronavirus (COVID-19).
More information about eligibility for ESA can be found on the Government pages.
Universal Credit (UC)
This is a payment to help with your living costs. Your Universal Credit payment is made up of a standard allowance and any extra amounts that apply to you, for example if you:
- have children
- have a disability or health condition which prevents you from working
- need help paying your rent
To complete your online claim, you should have the following information to hand:
- Your earnings for the last month – this is all earnings, not just what you have earned delivering with Stuart
- Any expenses you have from being self-employed – for example, your fuel costs
- Your housing costs (such as your rent or mortgage)
- Any savings you have over £6,000
- Anyone else that lives in your household. If you live with a partner, they will also need to open a Universal Credit account
- Any childcare costs
- Any other income you may receive – for example, a pension or a bursary
Normally it can take around five weeks to receive your first payment of Universal Credit. However, during your telephone appointment, you can ask for an advance payment of Universal Credit. You can read more about advances here.
ESA and UC can be claimed separately or at the same time.
Mortgage payment holidays
Mortgage payment holidays were introduced at the start of the pandemic in March, and were extended in early June.
The mortgage payment holiday will provide flexibility in repaying your mortgage by allowing you to stop or reduce your monthly payments for up to three months. This won’t be suitable for everyone.
- You can apply for a payment holiday until 31 October 2020.
- Once a payment holiday has been granted, it'll last for three months.
Find more information about mortgage payments holidays from the Money Advice Service below.