Many people in the UK face uncertainty as the coronavirus situation further develops, not least when it comes to their financial wellbeing.
Throughout this period, the Money and Pensions Service focus will remain on delivering for customers and helping everyone make the most of their money and pensions. It has published guidance in English and Welsh on how to deal with financial effects that individuals, their employees and service users may be suffering from.
The guides include topics such as:
- Step 1: Do an emergency budget
- Step 2: Check your insurance policies
- Step 3: Use your savings
- Step 4: Talk to your creditors if you think you’re going to miss payments
- Problems paying your rent or mortgage
- If you think you might not be able to pay gas or electricity bills
- What to do if you’re getting behind on car finance payments
- If you are worried about debt
- If you think you might have to borrow money
- High cost credit – things to think about
- Avoid loan sharks
- Your rights to sick pay and changes to claiming your benefits
- If you might need to claim Universal Credit
- If you’re worried about your pension
- If you’re worried about redundancy
- How to contact the Money and Pensions Service
Read the Money and Pensions Service coronavirus guides
This is a key time to communicate with employees on matters such as pay, pensions contributions and general wellbeing.
Employers can contact the Money and Pensions Service regional partnerships team for free support and practical ways to help build financial wellbeing across their workforce onl partners@maps.org.uk