Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

    Self Employment Credit Scheme - Help
    • #1
    • 14th May 09, 11:31 AM
    Self Employment Credit Scheme - Help 14th May 09 at 11:31 AM

    Can anyone help? I have got two questions about the Self Employment Credit scheme?

    Does it replace the New Deal Self Employed Scheme? and also on both schemes, do you still get Mortgage interest Payments payment whilst on the scheme? and doing test trading?

    I am thinking of applying for the New deal self employed if it is still available or the Self employment credit scheme - but I would need to have MIP still paid in order to survive whilst trying to get a business off the ground and would like to know what the implications are before contacting the Job centre.

    if anyone can help that would be great.

Page 1
  • chrismbroome
    • #2
    • 30th Mar 10, 12:13 AM
    Self Employment Credit
    • #2
    • 30th Mar 10, 12:13 AM
    From what the job centre told me they are reviewing the new deal thing. There are 3 different categories you may fall under though depending on your age and how long you have been out of work for.

    For example....I am setting up my own business at the moment and wanted to go onto this new deal thing from the job center because I dont want too search for jobs anymore since its just pointless when I want to start my own business and get paid to do something I enjoy. However not as easy as that with the job centre they said to me that I had to be signed on at the job centre for min of 12 months which I havent because I had to signe off when I go on holiday so thats out of the topic now. To had insult to (me) is doing all that he can to stay out of dept the job centre say also that we (the jobcentre) are reviewing the new deal and you wont be entitled to it because you havent been signed on for min of 12 months. Which I havent because I had to signe off when I went on holiday......but wait for this one, another reason I cannot get it because I dont have a criminal record. God knows why they would want to waste money on people who have criminal records.

    To answer your question find a funding organisation that will provide you with a grant for your buisness. As for the job centre I would go for the self employement credit (its 50 a week) it will keep you and your business going for a while, which I am applying for soon because quite simply there is no strings attached or stupid rules that apply to it (I hope).

    I have been to 3-4 different funding organisations and they all only provide a loan because of the ressession. The University is my last hope as they might give me 1000 grant for my business but sods law at the moment is everybody is doing it and I going to need some luck in the next 3 weeks if I going to get my business off the ground.

    Hope this helps
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

1,120Posts Today

5,530Users online

Martin's Twitter
  • It's the start of mini MSE's half term. In order to be the best daddy possible, Im stopping work and going off line?

  • RT @shellsince1982: @MartinSLewis thanx to your email I have just saved myself £222 by taking a SIM only deal for £7.50 a month and keeping?

  • Today's Friday twitter poll: An important question, building on yesterday's important discussions: Which is the best bit of the pizza...

  • Follow Martin