Some people have higher than 50K income or are a ltd company so won't get anything, but (and I may be wrong) I would assume the majority of sole traders set up a ltd company because they earn more than 50K a year.
I really worry about people who have recently set up as a sole trader, people who have been half and half paye/sole trader etc. A lot of photographic assistants for example work as studio assistants as well as freelance work. I feel these are the kind of people that the system will miss and are most likely to struggle. It's not ideal, but surely anyone on over 50K should be able to cut back and ride out 3 months (I know it may be more).
Some people have higher than 50K income or are a ltd company so won't get anything, but (and I may be wrong) I would assume the majority of sole traders set up a ltd company because they earn more than 50K a year.
I really worry about people who have recently set up as a sole trader, people who have been half and half paye/sole trader etc. A lot of photographic assistants for example work as studio assistants as well as freelance work. I feel these are the kind of people that the system will miss and are most likely to struggle. It's not ideal, but surely anyone on over 50K should be able to cut back and ride out 3 months (I know it may be more).