Last updated on December 6th, 2021 at 01:54 pm
FREE Financial Wellbeing Support for NHS staff
NHS England and NHS 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. Below are a variety of offers that you are able to engage with personally, or that you might signpost colleagues to who may need this support.
1. Support Line: Free and impartial money advice
NHS employees can contact the Money Advice Service support lines in the following ways for free confidential and impartial money advice:
| Free-Phone Line 0800 448 0826 Monday to Friday 8am – 6pm Type Talk: 18001 0800 915 4622 | Text WhatsApp Add +44 7701 342 744 to your WhatsApp to start a supportive text conversation on debt, credit or pensions guidance |
2. Online Support: Hub of Resources
All of our financial wellbeing offers and resources to make your money work better for you are accessible
via our people.nhs.uk website
3. Virtual Interactive Events: Managing Your Money
Join us for a series of interactive learning conversations on managing your money with experts from the government backed Money Advice Service and partners. We will take you through a range of supportive topics to help you get on top of your finances and/or to help you support others with theirs.
For event access start here:
https://people.nhs.uk/events/category/financial-wellbeing/
Details of our virtual interactive events
Mastering your Money & Creating Healthy Habits
Covering:
✓ Budgeting and sticking to your spending plan
✓ The best way to pays bills – how to pay bills on time, ways to pay, keeping on top of bills
✓ Top money-saving tips to help you shop smarter and how to find the best deals with price comparison
websites
✓ Before you borrow money, it’s worth knowing the difference between good debt and bad debt ✓ How to work out the true cost of borrowing – comparing the cost of borrowing £1,000
✓ How your credit rating affects the cost of borrowing and how to improve it
✓ Protect your money from scams – a beginner’s guide
Dreams, goals & financial plans whilst making your money work for you
Covering:
✓ Getting into the savings habit and why it pays to save regularly
✓ Saving for emergencies and putting the rest where it can work harder for you ✓ Top tips for choosing a savings account
✓ Help to Save if you’re on a low income ✓ Credit Unions and saving
✓ What are investments
Tales of the unexpected, preparing for life’s ups and downs
Covering:
✓ During our lifetime we experience many different life events, some planned and some unexpected.
Unfortunately, many of us are ill prepared financially for these events and are often taken by surprise by
their financial impact.
✓ Life events include setting up home, having a baby and raising children, relationships and marriage,
dealing with a bereavement, divorce and separation, redundancy, retirement…. and of course, national
events such as the COVID pandemic.
✓ Provide hints and tips for planning and preparing financially for the unexpected, as well as those planned
costly money moments in your life. We will also explore how tools and guidance on the Money Advice
Service website can help you better prepare for life’s ups and downs.
Saving for Retirement Planning for your Pension
Covering:
✓ Why save into a pension?
✓ Types of pension
✓ Making the most of your pensions – are your retirement savings on track?
✓ Preparing for retirement
✓ How long will your money last in retirement?
✓ Pensions guidance and financial advice
Wider Free Wellbeing Support Available to NHS Employees
All our NHS employees are able to access a variety of free health and wellbeing support on our people.nhs.uk website, including apps, helplines, therapy services, guidelines and development.
