- This topic has 12 replies, 8 voices, and was last updated 6 years, 1 month ago by
.
- Posts
Government are paying people’s wages due to the coronavirus.
As I understand it: Presumably unemployed/job seekers get what they’ve always got. Shop and business owners get compensation for loss of earnings, employed 80% of wages, money for the self-employed is apparently coming too…But what about those who are not classed as any of the above?
Coronavirus has meant the end of sports betting/horse racing, end of the way pro’ gamblers make a living; with no income coming in.
tbh I’d rather money went to fund the fight against this virus, but should pro’gamblers be entitled to anything?Maybe join the ranks of the “job seekers”?
Apply for Universal Credit?
Value Is EverythingDifficult one as you are probably not in the Income tax/Benefits system but presumably do contribute to other taxes such as VAT and Council tax. You could apply for one of the benefits but then you will then have to be “available for work” unless you have some form of disability which exempts you from this.
Government is only paying wages if the employee is not working in their current employment. If they continue to work for their employer in a different role such as Painting/Cleaning the workshop/office the employer cannot make a claim against the government for the wage payments.
Its the end of the financial year so probably a good time to apply for universal credit. If you can do it online would be better though as I’d imagine the phone lines would be extremely busy at the moment.
Gaelic Warrior Gold Cup Winner 2026
We have to go poor is the answer! Last months profits will have to tick me over for now and then will have to probably pull on fund which is not ideal. Luckily my partner is OK to work so bills etc not a big problem, but don’t want to have to sit it out too long. Was hoping Irish racing would carry on ticking over as Numerian got me off to a flyer over there! I’d be half tempted to play into the Hong Kong markets but too much form to learn from ground up so will just have to be reserved for me. I’m using the time to tidy up all my excel databases, review back all the notes and statistics I use for my work and I’ll be trawling through the database provider I use to find some edges.
May not be much on now but as I always say with horse racing, always something to do
As betting profits are not liable to tax and therefore do not need to be audited you shouldn’t be permitted to call on taxpayers to bail you out when the source of that profit is temporarily unavailable
If you pay (do you Ginger?) the self-employeds’ Class 2 or 4, or the voluntary Class 3 NI contributions then you might have a tenuous case to claim, but these are essentially to ensure you’re eligible for state pension. 37 years required if memory serves to be eligible for the current maximum
Not a chance of any help if you dont pay tax.
I might add that there isnt an option for me to even apply yet for the funding of 80% of staff wages, so by the time you even got that looked into we will be well past this.
Didn’t think you were a gambler anyway, Ginge
thought you were an investor like those in stocks and shares
Would it not be classed as a bad investmentGaelic Warrior Gold Cup Winner 2026
I might add that there isnt an option for me to even apply yet for the funding of 80% of staff wages
Correct. I have heard end of April before this is up and running but that is only hearsay. Therefore businesses may need to find 5 weeks wages or the March and may even April monthly salaries before this comes in.
Councils also seem to be dragging their feet in sending out revised Business Rates bills and the correspondence regarding the Cash grant scheme.
Important article from Greg Wood in today’s Guardian regarding the security of your deposits in online betting accounts. Interesting to note that money you have sitting in your Betfred account isn’t secure at all!
Horseracing Bettors Forum have done us all a service by producing a register of how ring-fenced your deposits actually are in the event of insolvency. Bravo.
That’s why I put “professional gamblers” in “”, Nathan. It’s not what I’d call the job but what others call it.
Value Is EverythingI agree with you Drone. Not paying tax means there should be no tax payer bailout for us. Have enough savings to last a good while yet. And… as have said before, am planning on moving house this year (coronavirus willing). So will hopefully have some money left over from that to tide me over.
Made sure when going “pro” I had the (then) necessary 30 years NI contributions for a full pention… But – as you say – that has now gone up to 37 (or is it 35?)
. As far as the pention goes – going back to proper work is one option, other alternatives are a one off top up voluntary contribution… Or just getting less than the full pention when retiring.Value Is EverythingI kindly you suggest you top-up your pension gap asap.
To get the maximum pension you need 35 years of contributions.
We are in troubled times and the door might be shut on this.
With the advancement of medicine people are living a lot longer and having a full pension makes a big difference.
https://www.gov.uk/voluntary-national-insurance-contributions/deadlines
- You must be logged in to reply to this topic.