Self Employed woman

SEISS Extension Update

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Updated 5th November 2020

The SEISS scheme extension will last for six months, from November 2020 to April 2021, with grants paid in two lump sum instalments, each covering a three-month period.

  • The third grant will cover a 3 month period from 1 November 2020 until 31 January 2021. The Government will provide a taxable grant calculated at 80% of 3 months average monthly trading profits, paid out in a single instalment and capped at £7,500 in total. This is an increase from the previously announced amount of 55%.
  • The Government has already announced that there will be a fourth grant covering February 2021 to April 2021. The Government will set out further details, including the level, of the fourth grant in due course.
  • The grants are taxable income and also subject to National Insurance contributions.
  • This third grant broadly provides the same level of support for the self-employed as is being offered to employees through the Coronavirus Job Retention Scheme following its extension. Read more about the scheme here.
  • The second grant will cover a three-month period from 1st February 2021 until 30th April 2021. The Government will review the level of the second grant and set this in due course.
  • The grants are taxable income and also subject to National Insurance contributions.

Am I Eligible? 

For further information regarding eligibility please visit our page here.

Bounce Back Loans

Bounce Back Loans are also still available and the deadline for applications has been extended to 31st January 2021. For further information please click here.


For more information or advice, please contact Richard Askew on 01900 310440 or email at richard.askew@armstrongwatson.co.uk.

Contact Richard