‘Sunak’s deal won’t help people in my position’
2020-03-30T06:00:00
Architectural designer Craig Marston is director of a small practice. He explains how he - and many like him - slip through the chancellor’s net
I got straight on the phone to my accountant after Thursday’s Downing Street press conference when the chancellor finally announced financial support for the self-employed. We work on a small profit margin, so it will be highly likely I will have to furlough myself.
It is great that the government announced they’ll provide support for the self-employed as our industry is made up of a high percentage of self-employed architects, technicians and contractors.
But there are also plenty who, like me, fall between two stools because we are not self-employed but are employed by our own small practices. It is common for directors to pay themselves the minimum salary of £12,500 with the rest taken in taxed dividends – which in my case isn’t a lot.
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