
Self-Employment Income Support Scheme (SEISS) recipients repay 10% contribution of the total grant value paid back annually until cleared.
The Self-Employment Income Support Scheme (SEISS) was a crucial support for millions of entrepreneurs.
To ensure a shared role in the UK's fiscal recovery, a fair and manageable contribution system from these grants is a logical next step.
The approach would be straightforward: a 10% contribution of the total grant value paid back annually until cleared. For those able to contribute faster, a powerful incentive would apply: a 50% reduction in the total amount for settling the balance in a single payment.
This system rewards early contribution rapidly reduces Covid-related national debt and cuts ongoing interest costs.
It’s a practical way for the UK's valued self-employed to have a direct stake in the nation's financial health.