SELF EMPLOYED/FREELANCE? – Martin Lewis gives update 

According to the Money Saving Expert:

1) SELF EMPLOYED/FREELANCE? Try to hold on – the support package should come this week. There’s a real feeling of panic growing among the UK’s self-employed. While there are some measures in place, they’re simply not enough yet, so I’ve two important points…

  1. a) I have it officially CONFIRMED the Govt is working on a further support package (some reports say it’ll be as soon as Wed, but it’ll almost certainly be by Fri). I don’t know what it is, but suspect it’ll be on a par with the 80% of your salary up to £2,500 for employees. So hold tight, and don’t make any drastic decisions until that’s announced.

For more, and for updates when we get news, see our self-employed coronavirus help including my video briefing.

  1. b) Check the measures already in place to see if they can help, including deferring tax payments and claiming employment support allowance if you’re sick. Plus crucially, don’t dismiss universal credit (see below for why).

To read more from martin lewis please see the full article here.

Please note this advice is the advice of Money Saving Expert as correct at 25/03/20. As the situation is incredibly fast moving with advice changing all the time we strongly recommend that before acting on any advice you ensure that is the most recent advice available. Please appreciate that Plym Chamber can offer its members no warranty for the accuracy of any information contained in third party websites and you are advised to seek expert legal advice if in doubt.




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