If you’re self-employed, but took time off during 2018/19 to care for new children, or a newly adopted child, you can still claim through the scheme. You will be assessed on either your 2017/18 tax return or your 2016/17 and 2017/18 tax return.
This scheme is open to sole traders and members of partnerships.
If you pay yourself a salary and dividends through a company, you will not be eligible, but might be helped by the coronavirus job retention scheme if you’re earning through PAYE.
If you are not eligible for this grant, you will still be able to access other government support, including benefits and business support grants.
If you’re eligible for the Income Support grant and are waiting for it to be paid, you may be able to claim Universal Credit if your household income is low and you and your partner have savings of less than £16,000.
Like the previous grants, you will need to declare the latest grants as income when they are paid. This is likely to significantly reduce or completely remove any Universal Credit payment you will get depending on when you receive the grant and your assessment period.
This means you will need to plan ahead for how you will pay essential costs.
Claiming the grant does not affect your chances of being accepted for a payment holiday if you’re struggling to pay your bills.