Each year, UK Savings Week, created and run by the Buildings Societies Association, aims to raise awareness about the benefits of saving and help everyone – no matter their, circumstances, or ambitions.
The National Coalition for Workplace Savings is proud to support this campaign and want to take the opportunity to share the importance of workplace savings in supporting UK workers save their way for tomorrow. Small, consistent amounts taken straight from your pay add up to real peace of mind when unexpected costs hit.
Here are just some of the ways more and more workers are using workplace savings:
It’s a powerful way to help people build short term financial resilience and contribute towards long-term peace of mind and positive financial wellbeing.
A simple way for employees to save as easily as their pension, with a set amount moved into a savings account automatically each payday. Workplace payroll savings turn good intentions into regular habits without the monthly effort.
Covers sudden car repairs or boiler breakdowns without having to rely on costly credit cards or expensive loans.
Workplace savings is a great mechanism for helping workers support their households in meeting unexpected costs.
Employees that have built up an emergency fund can start to put excess income towards other financial goals or something special, in the comfort that they still have the funds available for any unexpected events.
The National Coalition for Workplace Savings is delighted to be working with employers to help hundreds of thousands of workers across the country to build an emergency fund, enabling them to manage unexpected expenses with greater confidence and less stress, through workplace savings schemes.
We are on a mission to help increase the number of UK working age adults who have emergency savings, to help them become more financially resilient.
To find out how you can get involved, get in touch here ⬇️
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