Financial advice and support
The need to support employees to develop their financial wellbeing is well-evidenced, with recent research showing that:
One in four workers have lost sleep over money worries
59% of employees say that current financial worries prevent them from performing at their best
Poor financial wellbeing can cost employers the equivalent of up to 17% of salary costs
46% of employees say that financial pressure affects their relationship with their manager.

Source: Financial Capability

Money Advice Service
NHS England and Improvement are working with the Money Advice Service, an organisation who work to improve people's financial wellbeing across the UK, to provide all NHS employees with free and independent financial support.

NHS employees can contact the Money Advice Service support lines in the following ways for free confidential and impartial money advice:
Free telephone: 0800 448 0826
Whatsapp: Add 07701 342744 to your WhatsApp and send the Money Advice Service’s national support team a message for help with sorting out your debts, credit questions and pensions guidance.
Webchat: Chat to one of the Money Advice Service team via their online portal.

More top tools and resources
Budget Planner Tool: this free Budget Planner puts you in control of your household spending and analyses your results to help you take control of your money. It’s already helped hundreds of thousands of people.

Quick Cash Finder Tool: use this quick cash finder tool to discover how you could quickly find and save money by simply cutting back on some of your regular spending.

Debt Advice Locator Tool: if you’re struggling with debt, it can be hard to know where to turn. But with lots of free national and local advice services available across the UK, you can use this tool to find help in a way that’s best for you.

Debt and borrowing: for taking control of debt, getting free debt advice, and how to borrow affordably.

Benefits: find out what benefits you’re entitled to and learn about Universal Credit.

Budgeting and managing your money: advice on running a bank account, planning your finances, and cutting costs.

Work and redundancy: advice on understanding your employment rights, what in-work benefits you might be entitled to and how to handle redundancy.

My Money: find loads of bright ideas, money saving tips and step by step recipes for saving money – let My Money help you keep more of your hard-earned cash.

Help with scams: advice for spotting, avoiding and recovering from scams.

For more financial wellbeing resources click here
Source: NHS England and Money Advice Service

Financial wellbeing and Covid-19
An impact of the current Covid-19 restrictions may mean that many households, of which NHS colleagues form a part, are financially compromised. This can contribute to increased levels of stress and anxiety for these colleagues, at a time when stress and anxiety may already be heightened.

If you're finding things difficult, talk to us today, we can help refer or signpost you to appropriate services such as Citizens Advice Bureau for further support.

Search for your local Citizens Advice here

Dealing with money worries at Christmas
Finances are an area of difficulty for many people. And at Christmas, these concerns can become even more heightened. The flood of social events, the pressure of presents to buy and the increase in outgoings spent on food and drink all mount up. Health Assured have put together some tips for dealing with money worries at Christmas this year.

Don't forget as health and social care staff you can access discounts and offers! Find out more...
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