Financial wellbeing Did you know that poor mental and financial health can go hand in hand? Those that have poor financial health are nearly 4 times more likely to suffer from anxiety, and more than 5 times more likely to feel depressed and struggle with daily life. (The Employer’s Guide to Financial Wellbeing 2020-21 – Salary Finance).
We are committed to providing information, education and awareness to our employees to support them to achieve and maintain positive financial wellbeing. You can find out why looking after your Health and Wellbeing is so important to us by watching our new video here.
Financial awareness webinars In 2020, we launched our partnership with Close Brothers, who offer financial support and wellbeing.
Following the success of our retirement webinars, we are planning further financial awareness webinars in October aimed at three employee groups providing information on topics covering: Early careers, under 30 years: Covers topics such as planning and budgeting, debt management and student loans, renting or buying a home, improving your credit score, and an introduction to the Barratt Pension. Mid-career, age 30-50: Provides information on reviewing pensions and retirement planning, re-mortgage, property investment, wills and estate planning. Retirement planning, employees within 10 years of retirement: The 7 steps to financial wellbeing, lifetime savings choices, employed versus pension income, how much is needed in retirement? DC pension choices drawdown, annuity, Self-Invested Personal Pensions (SIPP). Below is some of the feedback we received from colleagues who joined the webinars: “Excellent presentation, difficult to improve on the content.” “Really useful and informative.” “Extremely comprehensive presentation, lots of food for thought and some helpful pointers. Many thanks.” Look out for further updates about these live webinars and how you can book on to these.
Make further savings Claim tax relief for working at home It doesn’t matter if you have not worked at home every single day, under the current rules you can claim a full year’s tax relief, meaning you pay less tax over the year. Click here to complete an online form, which takes less than five minutes to fill in, and could save you between £60 - £120. Doing less miles? Look at your car finance and insurance If you are in a Personal Contract Purchase (PCP) or insurance agreement with a set mileage limit, you may find you are going to come to the end of the agreement with a significantly reduced number of miles on the clock. If this is the case for you, why not contact the car dealership, finance or insurance company to request a review? It is worth a try and could bring down your monthly payments!
For information, tools and links on many areas of health and wellbeing please click here to visit our My Barratt Benefits website
Financial wellbeing As a valued employee, you have access to a range of discounts and benefits to help save you money. Please click here for further information on all benefits.
HEALTHCARE BENEFITS
FINANCIAL BENEFITS
LIFESTYLE BENEFITS
Discounted gym membership: Discounted rates on over 3,700 gyms and health clubs, you could save up to 40% on your membership.
Payroll giving: Give money to charity directly from your pay before tax, it then gets topped up by HMRC, making it one of the most cost-effective ways of giving money to charity – plus all donations doubled by Barratt in 2021!
Cycle2Work from Halfords: £1,000 limit to spend on a bike and accessories, saving up to 32%.
Bupa healthcare cashplan: Cashback received on everyday healthcare expenses. My Active Discounts: Fantastic savings on health and fitness products including Fitbit, Timberland, Nike, New Balance, Hello Fresh, Virgin Experience Days and much more. Cancer checks: Access to seven cancer checks for the most common cancers.
Big Clean Switch: Save money and reduce carbon by switching to a 100% renewable energy provider through our new partnership with the Big Clean Switch. Dulux Decorator Centre discount: Employees receive 10% discount in place at the Dulux Decorator Centre. Microsoft HUP discount: Save 30% on an annual subscription of Microsoft 365 Family or Personal. Free retirement planning support: Live financial webinars and support to our retirees or those employees who may be starting to think about their retirement.
Cyclescheme: £2,000 limit to spend on a bike and accessories, saving up to 32%. My Barratt Benefits retail discounts: Access to discounts on shopping, eating out, days out, cinema and much more! BD Living employee discount: Discounts for employees on fitted wardrobes. Reduced hotel rates: A range of companynegotiated discount rates across the UK including Hilton, Q Hotel, Grange Hotels. Podpoint electric charge points: A discounted charging package to help you enjoy the full benefits of your plug-in hybrid or electric vehicle.
For information, tools and links on many areas of health and wellbeing please click here to visit our My Barratt Benefits website
Financial wellbeing Financial wellbeing support
Money Advisory Service: Now known as the Money helper, they work to improve people’s financial wellbeing across the UK, to provide you with free, independent support.
National Debtline: Get free, confidential and independent advice on dealing with debt problems over the phone and online.
Money Saving Expert: Get free advice on a variety of topics including credit cards, shopping discounts, household bills and mortgages.
What's coming in September?
In September, we raise awareness of suicide and working together to prevent it, in support of World Suicide Prevention Day on Friday 10 September.
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