personal finance

SEISS grant 3 increase: Will the self-employed grant increase due to lockdown?

Finally, the SEISS grant was altered to cover 80 percent of average monthly profits in November, December and January, up to a maximum of £7,500.

There will be a fourth grant covering a percentage of average income spanning February to April 2021, but it’s not yet known how much this will pay and when the deadline for applications will be.

However, in light of the Covid situation in the UK as the new strain takes hold and hospital admissions are on the up, it’s likely the Treasury will implement some additional financial aid in the fourth SEISS grant.

Those who have received the last SEISS grants may have received a letter from HMRC to say they were overpaid.


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