The chancellor has announced that the self employment income support scheme will be extended, with another 3 months average profits being paid in August. This will be at 70%, as opposed to the 80% received in May. Your business needs to be financially impacted by COVID and this will be the last claim available.
Rishi Sunak has now announced the detail of the extended job retention scheme. Employee's salary, employer's national insurance and employer's pension costs will continue to be paid at the rate of 80%, capped at £2,500, by the government. However, employee's will not be able to join the scheme after 30th June, and if you have not furloughed them yet, you must do so before 10th June, so they have had the minimum three week furlough period by the deadline date. From 1st July, t