UK Chancellor Rishi Sunak stated that self employed workers could be eligible for some serious government support all the way back in March, but it’s turned out to be even better than we’d thought.
Many of us expected to see a little help from our Governing bodies, essentially to just compensate for lack of basic income – but it seems like we might be eligible for more help than we’d anticipated.
How Much Are the Two Grants?
New guidelines issued by the UK government have made it clear that those who are classified as self employed (looking at you, online teachers) may be eligible for as much as 80% of their taxable average monthly profits.
This means that you might not be as short on the rent as you thought you would be; sure, it’s not 100%, but come on – did you really think it would be? Many of us were preparing ourselves for 0%…
It’s worth keeping in mind that this ‘support’ is currently capped at £2,500 in the UK – but there are plans to see it raised higher in August for those still unable to achieve consistent workloads.
Some sectors will see a rise of £6,570 meaning that a self employed online teacher could be compensated for loss of earnings significantly…
When the virus broke out a lot of us were preparing for the possibility that we might seriously be earning nothing, so this isn’t something to take lightly.
Of course you’ll need to demonstrate that you would have earned that kind of money monthly pre-virus, which is going to be pretty difficult for many self employed online teachers to do – so don’t go thinking you’re one form away from a 2 grand handout…
This comes as a breath of fresh air to the many online teachers who were fully prepared to make no money at all during this period, and has been met with relief by the online teaching community.
One online teacher received nearly £900 just from one form
We here at DigiNo have been contacted by one online teacher who has been eligible for £876 from the government in lost earnings, and this calculation was based purely on their earnings whilst they were teaching for iTutorGroup.
Online teachers are in a difficult position during this crisis, and this policy means that many who would have struggled are actually going to be looked after.
It’s not as much as they would otherwise have earned, but it’s better than nothing.
Many new online teachers may struggle to demonstrate that they would have received higher levels of revenue during this period, given their lack of experience in the sector will have netted them lower monthly averages pre-virus. This is something to keep in mind if you’re new to the profession, but it’s still better than nothing. Even £50 can go a long way if you thought you were getting £0…
For those online teachers in the UK, you’ll want to head over to the Government website as soon as feasibly possible and fill out their online form – you never know, you might be eligible for some support.
Check your local government policies – you might be eligible for some serious cash
Those of us not in the UK will need to look into how our respective governments are handling the crisis. If you’re living in the US then your state governments may have their own systems in place for supporting the self employed, and you should give it a look to make sure you’re not missing out.
Those online teachers not currently living in the Western world are going to be having a different time of it all together, but it’s still worth a check.
There’s really no justification for not going over to your Government’s website and seeing if you’re entitled to anything. These are difficult times, as every email you’ve received for the last three months has told you, and there’s no reason to let complacency shoot you in the foot.
If you’re entitled to some cash then go grab it – after all, it’s coming from the taxes you’ve already paid.
You never know, you might just be eligible for some money to help keep the lights on…
It’s worth mentioning that crises such as these are rife with scammers.
If it looks too good to be true…
If you get an email from your Government telling you that you’re entitled to some cash, then treat that with caution.
There aren’t many governments in the world looking to give away cash unprompted, so be smart about it and stick to typical email etiquette: don’t click on any links, don’t give out personal details, and don’t give any bank or card details.
If a Government body emails you then the email will instruct you to visit the government website. Don’t click any links provided in the supposed ‘government correspondence’ – it’s probably a trick.
You’d like to think that people would rally together during times like this, but there’s always an opportunist looking for a quick buck.
Don’t be taken in by phishing scams. The game has come on a long way since the days when grandmothers were tricked into donating life savings to faux princes – they’re smarter now.
Don’t click links, don’t give them personal details, and don’t send them financial information. Just bin them and head over to the Government website – you can safely find out what you’re entitled to from there.
Be smart, be safe – hopefully get paid
Just be smart, keep it safe, and make sure you find out if you’re entitled to any help.
If you’re a taxpayer then it’s time for your government to start looking after you a bit, so get online and fill out the forms.
Every penny or cent in your pocket can help you get through a crisis, so don’t assume it doesn’t apply to you – if you’re self employed, if you’re an online teacher, then get over to your government’s website.
You never know, you might be in for some serious support.
For more information on managing online teacher finances, check out ‘Online Teacher Money Plan':
Or check out more financial posts below: