You will learn share simple ways to improve the financial resilience of your staff including how the free Moneyworks Wales Salary Savings Scheme can help your business.

Event details

Join us on 22 February 2022, 10.30am – 11.30am to find out more about how you can support the financial wellbeing of your staff through helping them save from their salary. Whether you’re a small or large employer in Wales, we will be sharing simple ways of building the financial resilience of your workforce. 

What is Financial Wellbeing?

Financial wellbeing is about making the most of your money day to day, dealing with the unexpected, and being on track for a healthy financial future. In short: feeling confident and empowered.

What are Payroll or Salary Savings?

Payroll-deducted savings schemes aim to help people build a savings buffer or support goals-based savings by diverting a proportion of salary into a savings account. 

Moneyworks Wales is the payroll perk that aims to help staff build a better financial future. Supported by Welsh Government, it is a collaboration between 10 not-for-profit financial cooperatives and already has 150+ businesses across Wales on board including Legal & General, Admiral Insurance and Airbus.  Employers that sign up for the scheme can offer employees the opportunity to save or borrow money directly from their salary. The scheme is free to employers and once a business becomes a payroll partner, staff can sign up to save or borrow through the Moneyworks Wales website, where they can also access interactive budgeting tools and tips to help them manage their money better designed by the experts at MoneyHelper.

About the speakers 

Hear from Jane Hutt MS, Welsh Government Minister for Social Justice, Claire Savage, Moneyworks and Rhian Hughes, Money and Pensions Service. 

Minister for Social Justice Jane Hutt MS: “Many of us will need support at some time in our lives and the Moneyworks Wales payroll product offers employees the help needed to make their money work for them and become more financially resilient, whilst slowly building a savings buffer. I strongly encourage employers to work with their local credit union to better support their staff financially, and beyond.”

Shavanah Taj, General Secretary Wales TUC, said: “Moneyworks is a win-win for employers and workers. Payroll savings schemes like these have been proven to be an effective and easy way for employers to support their workers. Growing that network further can help give workers a greater sense of control over their finances.”

Tracey Dyment, HR Manager for Thorncliffe Building Supplies said: “Colleagues can benefit from saving money, which comes directly as a deduction from their salary and is seen as a benefit to them because it’s an effective and easy way to save and support debt management,”

Event contact

  • For help and support regarding this event, please telephone our dedicated events helpline 01253 336028 or email [email protected].

Further information

  • Find out more about FSB virtual events and a quick guide to getting started here.
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