On Thursday 26th March 2020, the Chancellor announced how self-employed and freelance workers will be supported as part of the Coronavirus Bill. As a group exercise instructor, here’s what you need to know:
What is it?
The self-employed income support scheme is a Government funded support scheme to allow self-employed and freelance workers access to funds during the coronavirus pandemic.
What can I get?
The scheme will allow people to access 80 per cent of their monthly net earnings, averaged over the last three years, or £2500 per month, whichever is lower.
What are the criteria for claiming?
You must:
- Be majority self-employed (i.e. most of your income is made from being self-employed)
- Make less than £50,000 profit per year
- Have filed a tax return for 2019
How do I claim?
HMRC will contact you directly. You will be required to fill in a form and send it back.
When does this come into effect?
The Government have confirmed the scheme should be set up by June 2020.
What can I claim in the meantime?
You are entitled to claim Universal Credit in full. Payments for Universal Credit are being made almost immediately.
Can I still run classes?
Yes. You are allowed to continue running your classes online.
Notice
Due to the continuously developing Coronavirus (COVID-19) situation some of the information in this article may not be up-to-date.
Please read our current Return to Cheerleading document for guidance.
