As part of your employer’s continued support for you in these changing times, and as many of us start to prepare for a return to work, we hope you will continue to find this Financial Wellbeing toolkit and resources site useful.

 

Mercer, a firm that specialises in helping organisations support their employees’ wellbeing, has provided you with access to free guides and other financial materials they have produced to help you, your families and your friends manage your finances during this period.

 

 

 

 

These resources are designed to help you  through these difficult times by giving you access to material, links and content that regularly updated.

 

Content includes:

  • Practical financial information

  • Money saving hints and tips

  • Checklists and planners

  • Videos or podcasts on financial matters

  • Links to other useful sites providing information on support available

And more content will continue be added over the coming weeks and months

Please also visit our mental wellbeing and physical wellbeing toolkits for insights and guidance on these areas.

 

 

Focusing on our health and that of our family has been all our primary concern, but many are already feeling the financial impacts on theirs and their families’ lives.

 

If you have not already started looking at your finances, we would encourage you to do this to help manage you money as effectively as possible, over the coming months.

 

We welcome your feedback

 

Whether you are using the site for the first time, or returning, we would appreciate it if you could take two minutes to complete this brief Survey. It will let us know how useful you have found the material, and allow Mercer to continue to improve these resources.

Practical Personal Finance

 

Everyone and every household is different and things will continue to change quickly, so there is no one size fits all, but the following list should apply to most of us.

 

icon Get your housekeeping in order. Know what savings, investments and loans you have and who to contact
icon Plan ahead. What do you have coming in and going out? What is coming up in the next few months?
icon Have a budget plan – Understand your income and outgoings. Review all current expenditure, cancel any unnecessary spend and look to renegotiate existing contracts to free up extra income. Do shop around to get the best deals in order to maximise savings
icon Review all existing assets and liabilities. If you have debts look to minimise the interest payments by 0% balance transfer credit card where available, talk to your creditors if you are struggling financially – all major banks have given the UK Government a commitment on treating customers fairly, and allowing payment flexibility
icon Review your utility providers and current contracts, are there any savings to be made on your existing tariffs?
icon Check universal credit eligibility, which is available for people in and out of work.  Support for rental costs will be paid through Universal Credit
icon Travel season ticket holder – If you have not already got a refund and you continue to work from home, you can still get your money back from travel operators
icon Check if you are eligible for a mortgage or rental holiday. Most loan and credit card companies are also offering payment holidays and all banks are currently offering interest free overdrafts of up to £500 for three months
icon Be wary of scams – https://www.fca.org.uk/news/news-stories/avoid-coronavirus-scams
icon


Look out for further Government announcements and what financial help may be available to you and family members.

https://www.gov.uk/coronavirus


 

Articles and blogs

 

Find out how our experts are managing throughout the Covid-19 changes, and what they have to say about managing finances and overall wellbeing.


 

Financial Wellbeing Resource centre
Other easy to access support for you

 

You can either watch our first video “Making the most of your money during uncertain times”.  Or you can navigate to each section below to watch again at any time you want.

 

This is designed to take you through a number of key areas and practical information about managing your finances, what help is available from the Government, support being offered by most banks and other financial institutions.

 

We continue to re-record these videos as the COVID-19 situation progresses, the videos were last updated on the 15th June.

First steps
6:45

How budgeting can help
6:03

Time off work and getting sick
2:22

Managing debt
6:24

What if you lose your income
3:21

Savings, investments, pensions
7:30

 

Links to other useful sites

Disclaimer

This site and the materials made available on it are intended for general information only. They do not contain investment, financial, legal, tax or any other advice and should not be relied upon for this purpose. The materials are not tailored to your particular personal and/or financial position. If you require advice based on your specific circumstances, you should contact a professional adviser.

 

Please feel free to share this site and content with your family and your friends