Financial Wellbeing
Financial wellbeing providers for UK employers
Financial wellbeing providers help employees manage money with less stress, through tools like earned wage access, salary-linked savings and loans, debt support, and pension and benefits guidance. With financial pressure a leading cause of stress and distraction at work, this category has grown quickly among UK employers.
3 UK providersIndependent profilesNo commercial bias
The right provider depends on the financial pressures your workforce faces and how you want to help. The providers below cover access to pay, borrowing and saving, and education. Compare their profiles, then run a free Benefits Healthcheck to see where financial wellbeing sits in your package.
What to look for in a financial wellbeing provider
Access to pay versus saving and education
Earned wage access helps with short-term cash flow; salary-linked savings and guidance build longer-term resilience. Many workforces benefit from a mix.
Responsible design
Tools that release pay early should encourage healthy use, not dependency. Look at fees, limits and the financial education wrapped around them.
Payroll integration
Most financial wellbeing tools rely on payroll and rota data. Confirm the integration works with your systems before committing.
Inclusivity
Support should help the lowest-paid and most financially stretched staff, who often gain the most, not only higher earners.
Try the free salary sacrifice calculator to see the real monthly cost before you choose a provider.
Popular financial wellbeing comparisons
Further reading on financial wellbeing
Frequently asked questions
What does an employee financial wellbeing provider do?
An employee financial wellbeing provider gives staff tools to manage money with less stress, such as earned wage access, salary-linked savings and loans, debt support, and pensions and benefits guidance. The aim is to ease financial pressure that affects focus, absence and staff retention.
What is earned wage access?
Earned wage access, sometimes called on-demand pay, lets employees draw a portion of pay they have already earned before payday, usually for a small fee or funded by the employer.
Is financial wellbeing support a taxable benefit?
It depends on the specific service. Pensions guidance and certain advice have exemptions, while some perks may be taxable. Check the treatment of each element.
Why offer financial wellbeing benefits?
Financial stress affects focus, absence and retention. Practical support can reduce that pressure and is increasingly expected by employees, particularly lower-paid staff.
Not sure what you need?
See where financial wellbeing fits in your benefits package
Run a free PerkIQ Benefits Healthcheck for a scored view of your whole package, including financial wellbeing, in under five minutes.
