FINALLY Statutory self-employment pay

FINALLY Statutory self-employment pay

1). The Secretary of State must, by regulations, introduce a scheme of Statutory Self-Employed Pay.

2). The scheme must make provision for payments to be made out of public funds to individuals who are:
• Self-employed, OR• Freelancers

3). The payments to be made in subsection (2) are to be set so that the net monthly earnings of an individual specified in subsection (2) do not fall below—
• 80% of their monthly net earnings, averaged over the last three years, OR• £2,917
whichever is lower.

4). No payment to be made under subsection (2) shall exceed £2,917 per month.

5). A statutory instrument containing regulations under this section is subject to annulment in pursuance of a resolution of either House of Parliament.