LEGALLY DEFINE SELF EMPLOYMENT
• Statutory definition in law of self-employed freelancer.
SELF EMPLOYED AND NATIONAL INSURANCE
• End Class 2 starting low profit National Insurance.
• Granted National Insurance credits from profits below Class 4 contributions threshold, so towards benefits. So no need to pay Class 3 voluntary contributions.
• Pay equal 10 per cent National Insurance on all profits above £10,000 per year, however high profits. (Risen from £9,500 - 2020).
• It is up to Over 50s party's tax accountant consultants, to simplify tax system so are real world tax bills each year for self-employed.
BOGUS SELF EMPLOYMENT
Employers use bogus self-employment to avoid paying you the minimum wage, them paying employers’ National Insurance, having to pay you sick pay, you paying higher worker National Insurance than if waged worker and not giving you paid annual leave.
• Shift burden of proof so law assumes you are a waged worker, unless your boss can prove otherwise.
• Impose punitive fines on bosses not meeting their responsibilities.
• Involve trade unions in enforcement, giving them a seat on the executive board of new Ministry of Work.
• Fully fund new Ministry of Work.
• Ban Payroll companies (aka umbrella companies), which create a false structure to limit employers’ tax liabilities and limit workers’ rights.
• Make employment agencies and the bosses, jointly responsible for ensuring that the rights of agency workers are enforced.
• Trade union sectoral collective bargaining for waged workers.
UNIVERSAL CREDIT WILL END
• As Universal Credit will end under an Over 50s government, as will sanctions and Jobcentres, temporary return to system of the Self-employment Income Support Scheme (SEISS), which allows the self-employed and those in partnerships, to receive a taxable grant worth 80% of average monthly profits based on the last three years of tax returns, up to a maximum of £2,500 a month. Open to those across the UK for at least three months. HMRC will contact these workers direct and pay the grant into bank accounts.
• Present SEISS has Turnover including the takings, fees, sales or money earned or received by your business, which figure must include the total turnover from all of your businesses.
• Research better ways to support
self-employed start-ups til 2 to 3 years after begun.