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Financial Education Online

Your Support

Following on from your financial education, your actions/next steps below will help you to take control of your finances.

Your actions / next steps

Regulated financial advice

To find out about the options available to you, regulated financial advice firms can provide you with the most suitable course of action relating to a wide range of financial needs.

A list of regulated financial advice firms can be found here:

Alternatively, if you have attended a WEALTH at work financial education workshop, you can also have access* to regulated financial advice, provided by my wealth**. This can help you to understand your own personal financial situation and what options you may need to take if you need to mitigate any future tax charges.

To begin your journey please look out for your personal invitation to attend a workshop from WEALTH at work.

* Subject to availability and qualifying criteria.

** WEALTH at work and my wealth are trading names of Wealth at Work Limited which is authorised and regulated by the Financial Conduct Authority and is a member of the Wealth at Work group of companies. Registered in England and Wales No. 05225819. Registered Office: 5 Temple Square, Temple Street, Liverpool L2 5RH. Telephone calls may be recorded and monitored for training and record-keeping purposes.

Find out more about my wealth:

Financial wellbeing

  • Visit The Money Advice Service Website and complete a budget planner. If you budget as a couple, it is a good idea to do this with your partner.
  • List your debts in terms of highest APR to lowest and set a SMART goal to pay them off, starting with the highest rate of interest.
  • If you’re struggling with debt, visit Money Advice Service to get help on how to overcome this.

Estate Planning

  • If you have not written a will, you should consider writing one. Click here to see who would inherit your belongings if you died without a will.
  • If you have written a will, find it and check if it still reflects your most up to date wishes.
  • If you would like to know more about setting up a power of attorney, visit the government website to find out about the process and costs involved.

Pensions

Tax

  • Check your savings or investments. Are they held in the most tax efficient way? If you’re earning a high amount of interest it may be beneficial to move them to an ISA.
  • Could you gain a tax benefit from the marriage allowance? Check here to find out more.

Savings & Investments

  • After completing a budget planner, write down your savings and investment goals.
  • Calculate your monthly outgoings. Have you got an emergency fund that would see you through 3-6 months if you couldn’t work?
  • Check any investments that you have. Do they match your appetite for risk?

Wellbeing

  • The University supports your wellbeing by promoting the 5 pillars of wellbeing:
    • Physical
    • Mental
    • Financial
    • Social
    • Environmental
  • Why not visit the sports centre where you can find out what wellbeing initiatives are available at the University.
  • Have a look when the next “wellness check-ups” are by viewing the Wellbeing page on the HR portal.