Spring Budget 2021: Self-employment grants extended to September

Summer grant subject to “turnover test”

James Baxter-Derrington
clock • 1 min read

The Self-Employment Income Support Scheme (SEISS) is set to continue through to the end of September in the form of a fourth and fifth grant, Chancellor Rishi Sunak has announced in the Spring Budget 2021.

SEISS' fourth grant may be available to 600,000 people more than the third grant, with individuals having to file a 2019-20 Self Assessment tax return to be eligible for this grant, offering the potential for the newly self-employed to qualify. Available from late April, it will be worth 80% of three months' average trading profits, paid out in a single instalment and capped at £7,500 in total, covering the period February to April. A fifth and final SEISS grant will cover the period May to September, with the value of grant determined by a "turnover test" to "ensure that support is t...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Tax planning

IHT liabilities hit record £7.03bn in 2023-24 tax year

IHT liabilities hit record £7.03bn in 2023-24 tax year

Figures ‘set to accelerate’

Sophia Panayi
clock 30 July 2026 • 2 min read
Advisers urged to review legacy files after Court of Appeal IHT ruling

Advisers urged to review legacy files after Court of Appeal IHT ruling

HMRC is considering its next steps

Isabel Baxter
clock 28 July 2026 • 4 min read
Burnham U-turns on income tax allowance increase suggestion – reports

Burnham U-turns on income tax allowance increase suggestion – reports

Any change would be ‘difficult given the financial circumstances’

Isabel Baxter
clock 22 July 2026 • 2 min read