To ask the Chancellor of the Exchequer, what estimate he has made of the number of people who are ineligible for assistance from the Self-Employment Income Support Scheme due to their public sector pension accounting for over 50 per cent of their income.
21 May 2020
HMRC are unable to report from the information held how many self-employed people may not be eligible for the Self-Employment Income Support Scheme as a result of their public sector pension.
The SEISS, including the £50,000 threshold and comparison between trading profits and other income, is designed to target those most in need, and who are most reliant on their self-employment income.
Some 95 per cent of people who receive the majority of their income from self-employment could benefit from this scheme.
Those who are not eligible for the SEISS may still benefit from other support. Individuals may have access to a range of grants and loans depending on their circumstances, and the SEISS supplements the significant support already announced for UK businesses, including the Bounce Back Loan Scheme for small businesses, the Coronavirus Business Interruption Loan Scheme, and the deferral of tax payments.