New mothers and over 60s 'most likely to miss out on self-employed support'

30 Apr 2020

New mothers and the over 60s are amongst the groups most likely to miss out on the government's Self-employment Income Support Scheme (SEISS), according to the Association of Independent Professionals and the Self-Employed (IPSE).

Research conducted by the IPSE revealed a 156,000 increase in the number of self-employed people over the last year. This total includes 83,000 over 60s, 25,000 new mums and 38,000 50-59-year-olds. The SEISS is unlikely to help most of these people because it is only open to self-employed people who filed a tax return for the year 2018/19.

Commenting on the figures, Chloé Jepps, Head of Research at the IPSE, said: 'In 2019, more and more people were going into self-employment for the freedom and flexibility this way of working provides – the freedom to fit your work around your life rather than the other way round. Now, however, these people's incomes are drying up and, because of a flaw in the government's support scheme, most are not getting the help they need to keep their businesses afloat.

'The government must get the newly self-employed – as well as limited company contractors and others who are missing out – the help and support they need. We urge the government to extend the SEISS to people who became self-employed in 2019/20 – and use this year's tax returns to get them the financial assistance they need.'

Home | Contact us | Site map | Accessibility | Disclaimer | Help | ICAEW directory |

© 2024 James, Holyoak and Parker. All rights reserved.
James, Holyoak and Parker, 1 Knights Court, Archers Way, Battlefield Enterprise Park, Shrewsbury, Shropshire SY1 3GA


We use cookies on this website, you can find more information about cookies here.
James, Holyoak and Parker are Accountants in Shrewsbury