We are pleased to announce that the New to Partnership Payment Scheme (N2PP) will be extended into the 2022/23 financial year and we have now removed the requirement to apply within six months of commencing a partnership role. Following a review of the timeframe to apply for the scheme, and in acknowledgement of the challenges the deadline presented to busy new partners as well as the additional pressures created by the COVID-19 pandemic, we have removed the six-month deadline, including for submitted applications that meet all other eligibility criteria. When the scheme comes to an end, there will be a cut-off deadline after the scheme closure date by which applications from eligible individuals must be submitted, and we will give advance notice of this.
We continue to encourage all individuals who have commenced in an equity share partnership on or after 1 April 2020 to submit their application as soon as they can after they become eligible. We are now reviewing all applicants this affects and updating our guidance to reflect the changes. If you have any enquiries please email the N2PP team.