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...

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