Government grant loan

Kazbo1

Hi
My husband is self employed and has been advised that he is not eligible for the government support grant as he took out his pension early a year ago in one lump sum. Is he entitled to anything else? Has anyone else been in this situation at all?

Jeremy535897

Kazbo1 said:

Hi
My husband is self employed and has been advised that he is not eligible for the government support grant as he took out his pension early a year ago in one lump sum. Is he entitled to anything else? Has anyone else been in this situation at all?

Do you mean that he took a large taxable sum from his pension scheme in 2018/19? If so, I expect this means that he failed the SEISS eligibility test requiring no more than 50% of his income to be from non-trading income. That has happened to quite a lot of people. If he is still in business, then he might try for a bounce back loan, although these are hard to obtain now. I would imagine his savings preclude benefits.