Consider your financial wellbeing

25 February 2021

Federation members can get free and confidential help for their money worries during the pandemic through two new Police Mutual finance factsheets.

Police Mutual provides financial services and welfare support to the police service.

It has produced its third Coronavirus and Money factsheet to help people take control of their finances. Police Mutual has also teamed up with PayPlan, a leading debt advice provider, to offer guidance for people at risk of losing their job.

The coronavirus and money leaflet includes a budget calculator to help you manage your money, advice on savings, and tips on how you can spend less.

The leaflet also includes tips on payment holidays, how to save on insurance and bills, and checking your accounts regularly.

There’s also information about how to access a care line service provided by Health Assured, which offers advice and information to help with a range of concerns, including emotional support.

A spokesperson said: “If you’re concerned about debt, there’s nothing wrong with asking for help. It might seem like the last thing in the world you want to do, but opening up and talking to someone about your debts can feel like a weight off your shoulders.”

PayPlan, which offers free and confidential advice to anyone in serious financial difficulties, has also produced a Redundancy Guide.

It offers help with what to do if you’ve been made redundant and are in debt. There’s also a look at redundancy rights and employment opportunities as well as signposts to professional support.

South Wales Police Federation chair Steve Treharne said: “This guide could prove useful to those officers whose partners have lost their jobs due to the pandemic or those facing redundancy in the future.”