Martin Lewis gives update on SEISS grant 5 as many feel ‘frustrated’ – ‘completely unfair’


Martin Lewis, Money Saving Expert, has offered invaluable advice to thousands of Britons on a wide range of topics. But today he appeared on ITV’s This Morning alongside presenters Holly Willoughby and Phillip Schofield to issue the latest guidance on the self-employment grant. SEISS, otherwise known as the Self-Employment Income Support Scheme, has supported millions of self-employed individuals throughout the pandemic.

The eligibility criteria, however, is exactly the same as the fourth grant, meaning those who claimed the most recent form of support will not have to check again to see if they can claim.

People will need to make a declaration to HMRC which states they “reasonably believe” there will be a significant reduction to their trading profits across this time due to COVID-19.


Martin warned, however, of a big change which he stated is currently confusing many self-employed individuals.

This is due to the fact the fifth grant is changing for the first time to include what is known as a turnover test – which determines how much a person can receive.

Turnover, the Government states, includes the “takings, fees, sales or money earned or received” by a person’s business.


Before claiming, individuals will need to work out their turnover for the 12-month period starting April 1, 2020 and ending April 6, 2021.

They will also need to work out their turnover for either the 2019/20 year or 2018/19 year.

They can do so by referring to their most recent Self Assessment tax return, or by going through bookkeeping or spreadsheet records.


There are, Martin added, two separate levels of grants available on this occasion which relate to a person’s turnover.

If turnover is down by 30 percent or more, then individuals will get 80 percent of three months’ average trading profits up to £7,500.

However, for those who saw a turnover reduction of less than 30 percent, the grant will drop.


These individuals can expect to receive 30 percent of three months’ average trading profits up to a value of £2,850.

There is though, an exception to this rule which is worth bearing in mind, and is likely to affect those who previously could not claim support due to older rules.

Martin concluded: “If you’re one of the new self-employed, you will automatically get the full 80 percent.


“This is because there can’t be a comparative year for you, and you didn’t receive grant one, two and three.

“This is probably a pretty fair way to go though.”

Martin Lewis is the Founder and Chair of To join the 13 million people who get his free Money Tips weekly email, go to


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