Coronavirus help

Coronavirus & your money

Coronavirus & your money

The good news is that there are now a number of support measures in place if you have had:

  1. to take time off or had your working hours reduced because of coronavirus (e.g. your workplace has temporarily closed or your employer is running a skeleton staff)
  2. to take time off because you are ill

If you’re facing the prospect of reduced income because your employer has laid you off temporarily or placed you on shorter working hours, the government has said it will cover up to 80% of employees’ salaries through grants to businesses and introduced a range of changes to the benefits system.

However, if you have to take time off work because you’re ill, you may have to rely on Statutory Sick Pay (SSP), Universal Credit or Employment and Support Allowance.

If you’re self-employed you might have to claim Jobseeker’s Allowance (JSA) or Universal Credit if your work stops and you’re living on reduced income.

Whatever your circumstances, it’s likely to mean that you will be receiving less money to live on than you are used to, which may be adding pressure and stress to your life.

It’s a good idea to plan ahead. The more you do now will save you time and energy – and importantly, money – when you might not be feeling at your best.

If you are struggling financially now or having problems working out what it means for you can chat online or call our helpline on 08081 311 333.