Barratt Health & Wellbeing Month: Week 3 - Financial Wellbeing Financial wellbeing is about a sense of security and feeling as though you have enough money to meet your needs. It's about being in control of your day-to-day finances and having the financial freedom to make choices that allow you to enjoy life. As a valued Barratt employee we offer a range of support and benefits to help improve and maintain financial wellbeing.
Did you know that to support your financial wellbeing we provide all employees with access to the following: Money management advice via our Employee Assistance Programme Offers support and articles on financial planning, retirement planning, fraud & identity theft, income changes, budgeting, debt & saving. Visit the My Barratt Benefits platform for further information. Money management advice via the Construction Worker Helpline Offers help and advice on debt and money worries, and also offers hardship grants. Visit the My Barratt Benefits platform for further information. Salary Finance To support you with your money and help you have more financial peace of mind, you can now access a new range of benefits through Salary Finance, our financial wellbeing provider. Through Salary Finance, colleagues have access to: Affordable loans repaid through salary: Representative Rate 7.9% APR (fixed). Simple savings accounts: Through Yorkshire Building Society with contributions transferred directly from your salary, helping you to save without the hassle. Help to Save: With this government-backed scheme, anyone receiving Working Tax Credit, Universal Credit or Child Tax Credit could earn bonus payments on their savings. Money insights: Including budgeting tips and tools, videos and webinars.
To find out more, visit: barrattdevelopments.salaryfinance.com
Financial wellbeing with Close Brothers After the success of our retirement seminars with Close Brothers last year, we are working with them to provide financial education webinars for all employees. These webinars are aimed at three different stages of your career and include information on the following: New joiners/early career: 1-hour webinar for employees who are under 30 years of age and looking to set up good financial planning habits from the start of their career. The session will cover the importance of planning, how to manage debt including student loan repayment and using company benefits to make savings, plus much more. These will run on the Thursday 18 November 14:00 and Thursday 2 December 10:00. Mid-career: 1.5 hour webinar aimed at all colleagues, particularly those who are mid-career. The session will provide insight on the 7 steps to financial wellbeing including references throughout to using company benefits, managing debt and details on wills and estate planning. These will run on the Tuesday 16 November 16:00 and Wednesday 1 December 10:00. Countdown to retirement: 2-hour webinar for employees who are within their last 10 years before retirement. The session will cover lifetime savings choices, how much is needed in retirement and your different choices around pensions and investment choices, plus much more. These will run on the Wednesday 24 November 10:00 and Tuesday 7 December 14:00. If you would like to book on to any of the webinars please click here . The link above will take you to the Money Talks Close Brothers site where you can register to access lots of useful tips and interactive tools that assist you with your financial wellbeing. For those closer to retirement we will continue to provide retirement planning webinars. Retirement planning webinar: Wednesday 20 October, 10.00am - 12.00pm Aimed at those employees who are considering retirement options with in the next 12/18 months, this 2-hour live webinar hosted by our partner Close Brothers, focuses on financial and pension matters. Click here to register.
For information, tools and links on many areas of health and wellbeing please click here to visit our My Barratt Benefits website
Workplace pension All employees that join the company will be auto enrolled in to the workplace pension with The People’s Pension if the following applies: You are aged between 22 and State Pension age. You earn at least £10,000 per year. You usually (‘ordinarily’) work in the UK.
Barratt Developments PLC Pension Scheme with Scottish Widows Master Trust A great way to save for the future is to put away a little of your income into a pension scheme during your working life so you can have an income in later life, when you want to work less or retire. All employees can apply to join the company pension scheme if they wish. Membership of this Scheme, provided by Scottish Widows Master Trust is a valuable part of the package of benefits you receive from the company and provides you with a tax efficient way to save for retirement. Visit your My Barratt Benefits platform for further information or click here to visit the Scottish Widows infosite.
Death in Service benefit Every employee has a death in service benefit. Please visit the My Barratt Benefits platform for further details of your financial cover. Please ensure that you add in your beneficiary details for your Death in Service benefit. You can check this by clicking on the My Benefits tab and click onto your Death in Service benefit details. This is important to complete so that the trustee can give every consideration to your wishes for any lump sum death benefit to be paid to, or for the benefit of the people specified.
Be Money Well
Our pension partner Scottish Widows have a financial platform called Be Money Well which brings together relevant information, tools and guides from across Lloyds Bank, Halifax and independent experts to help you be more in control of your finances and to Be Money Well. Click here for further information.
My Barratt Benefits: Salary sacrifice employee benefits We currently offer the following voluntary benefits under a salary sacrifice arrangement: buying holiday, gym membership, cancer checks, cycle to work schemes and healthcare cash plan. Visit My Barratt Benefits for further information..
Employee discounts which can be used on everyday purchases like your weekly shop Through BenefitHub you can make savings on everyday purchases, including on your weekly shop at Sainsbury’s, ASDA, Waitrose, Tesco and Morrison’s, plus more than 400 other retailers. Visit My Barratt Benefits for further information. You can also click here to watch this short video to find out more about the range of benefits available to employees, or you can look at the My Barratt Benefits summary which includes further information as well as details of our enhanced policies.
Working from home tax relief If you have been working from home due to the impact of COVID-19 , you may be eligible to claim tax relief for additional household costs. Click here for further details.
For information, tools and links on many areas of health and wellbeing please click here to visit our My Barratt Benefits website
Employee welfare loans In exceptional circumstances, the Company may approve the provision of a loan to help an employee who is in financial difficulty as a result of unexpected expenditure.
Macmillan financial support We are proud to partner with Macmillan to help and support our employees touched by cancer. Please see details below of how Macmillan can support people living with cancer. Financial guidance. Financial guidance video summary. Read more on our partnership with Virgin Money, helping to support people living with cancer and their financial security. Click here for further information on our partnership with Macmillan.
Did you know... MoneyHelper brings together the support and services of three government-backed financial guidance providers: the Money Advice Service, the Pensions Advisory Service and Pension Wise to make it quicker and easier to find the right help.
MoneyHelper is here to make your money and pension choices clearer. Here to cut through the complexity, explain what you need to do and how you can do it. Here to put you in control with impartial guidance that’s backed by government and to recommend further, trusted support if you need it. https://www.moneyhelper.org.uk/en
Next week... We’ll look at how you can improve and maintain your physical wellbeing over these winter months and also explore the fitness related benefits you have access to as a Barratt employee.
Help and support
For information, tools and links on many areas of health and wellbeing please click here to visit our My Barratt Benefits website