SEISS final deadline: When is the deadline? All YOU need to know about fifth & final grant

The Hangover: Hopeful house owner explains why she can't get the SEISS grant

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SEISS has been a lifesaver for many self-employed workers across Britain during the last 18 months. But now the deadline for the fifth and final SEISS grant is fast approaching meaning anyone hoping to take advantage of this fund does not have much time left to make a claim. The UK Government has paid out more than £25 billion in support for 2.9 million self-employed workers across the country through the SEISS. The latest HMRC data reveals more than 9.1 million grants have been claimed by these workers since the scheme launched in May 2020.

When is the final SEISS deadline?

The final deadline to claim for the grant is September 30.

This means you must act immediately if you need to apply or risk missing out.

To apply, you should simply apply using your Government Gateway account.

What else should you know about the fifth and final SEISS grant?

The grant covers May 1 to September 30.

For many, this may be confusing as it covers five calendar months but is only worth three months of trading profits.

This may seem unfair compared to the furlough scheme, but it is not the first time the scheme has been calculated in this way for the self-employed.


The criteria for eligibility for this grant is the same as it was for SEISS 4.

Therefore if you claimed that grant or were eligible for the grant you should be able to claim SEISS 5.

The Government has compiled a list of all criteria self-employed workers must meet here, including the required trading status, tax returns, trading profits and more.

Check if you can claim a grant through the Self-Employment Income Support Scheme.

The scheme has been criticised for this criteria as it means millions are excluded, namely those who fall outside the profit thresholds or who are directors of limited companies and mainly take dividends.

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Grant amount

The amount you receive is contingent on how much your turnover has been hit by the pandemic.

For SEISS 5, for the first time, the grant will not see claimants automatically receive the average profits they are eligible for.

Unlike previous grants where it was “all or nothing”, the final amount for the fifth grant will depend on how much your turnover has dipped.

This means, if your turnover has dropped by 30 percent or more,m you will be able to claim the full grant worth 80 percent of three months’ average trading profits, up to £7,500.

However, if your turnover has dipped less than 30 percent you will be unable to claim the full grant.

Instead, you will be eligible for a grant worth 30 percent of three months’ average trading profits, capped at £2,850.

Newly self-employed exemption

Any worker who became newly employed in 2019/2020 and meets the other criteria will receive the amount based on just this year’s tax return.

This means they will automatically get 80 percent of three months of your average trading profits (capped at £7,500) without regard to turnover.

This is because these self-employed workers missed out on the first three grants, so this exemption is designed to help redress this balance a touch.

Remortgage threat

Anyone looking to remortgage their home or another property may find the fifth SEISS grant prevents their ability to do so.

While receiving a SEISS grant in the past is not an automatic reason for mortgage rejection, sadly some have been told it is evidence of business viability problems and have been rejected.

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