The IPSE is backing a new FSB campaign that is calling on the government to think more about the self-employed and to provide additional support to all 4.8 million of them.
The IPSE has said that the ‘Think Self-Employed’ campaign backs up a number of their recommendations to improve conditions for the UK’s contracting sector.
In the FSB’s campaign, they are asking for:
- Simplifying the tax system – the government should maintain their commitment and abolish Class II NIC in April 2018, to simplify the tax system and remove the arbitrary levy.
- Saving for the future – to better support the self-employed to save into a pension.
- Giving new starters a step up – for many, the application of the Minimum Income Floor (MIF) after a year could prevent successful business growth and so the FSB says government should extend the start-up period from 12 months to at least 24 months.
- Starting and growing a family – the government should introduce paternity pay and an adoption allowance based on the current maternity allowance.
- Preparing for the worst – the government should work with the insurance industry to support the development of more affordable income protection insurance options for the self-employed.
- Training – tax relief for training courses should be introduced and not just for refreshing existing skills, but for developing new ones too.
- Equal access to finance products – this includes barriers that prevent many self-employed workers from accessing mortgages, bank loans and certain insurances.