Health and wellbeing newsletter: Financial wellbeing (February 2022)

February 2022: Financial Wellbeing Did you know that many people who struggle financially, are also likely to suffer with anxiety or depression?

We want to assist employees by sharing a variety of helpful resources, to support them in achieving and maintaining a positive financial wellbeing.

You can find out further information about how Barratt supports employee’s financial wellness by watching our new video here.

Salary Finance Our financial wellbeing provider, Salary Finance, aims to support colleagues with their money by providing access to affordable loans, savings accounts and money insights to help you take control of your money.

Salary Finance provide: Loans repaid through salary: Loans at affordable rates with higher acceptance than banks. A lower-rate loan could help you save money by paying off debt that is more expensive. Representative Rate 7.9% APR (fixed) Simple savings: Savings accounts with Yorkshire Building Society with contributions transferred directly from salary, helping you to save without the hassle.

Help to Save: With this government-backed scheme, anyone receiving Working Tax Credit, Universal Credit or Child Tax Credit could earn bonus payments on their savings. Earn up to 50p for every £1 saved.

Money insights: A range of tips and videos as well as tools for budgeting and saving to help make money simple.

Financial Awareness Webinars In 2020, we launched our partnership with Close Brothers, who offer financial support and wellbeing.

In the coming months, Close Brothers will be hosting a series of webinars on retirement a variety of other topics. The below webinars are planned for March: Will & Estate Planning: Thursday 3 March, 10am – 11am

Helping with your first home: Tuesday 8 March, 2pm – 2.30pm

Suitable at any stage of your career, this webinar looks at the importance of wills and lasting powers of attorney: The importance of a will and what happens where there’s no will Lifetime planning Inheritance tax planning Use of trusts

Relevant for anyone renting or preparing to rent or buy their first home: Information for renters Preparing to buy: considerations, the process, the costs, boosting your credit score Mortgages: how much can you borrow, mortgage costs, different types of mortgage Savings products designed for saving for a home Other considerations: ownership, protection, wills and estate planning

For information, tools and links on many areas of health and wellbeing please click here to visit our My Barratt Benefits website. For any queries or suggestions, please contact handw@barrattplc.co.uk.

February 2022: Financial Wellbeing

Your home – changing your financing: Wednesday 9 March, 10am – 10.30am Relevant for those already on the home ownership ladder and who may be considering their current property financing Your financial plan and reasons for change Different types of mortgage The re-mortgaging process and what lenders look for Fees for re-mortgaging Extending existing mortgages and what to prepare for Paying down a mortgage – when to consider this and what to be aware of Equity release – when is this suitable and what to consider The value of advice vs doing this yourself Click here to go to the Close Brothers booking site where you can find all upcoming webinars. We’ll also continue to share updates on future webinars and how you can book onto these.

Beneficiary nominatons As part of your terms and conditions you are entitled to a life assurance benefit.

It is important that you complete the beneficiary nomination section on your My Barratt benefit site so if the worst ever happened we would know your wishes.

Pension Beneficiary You should also ensure that you log in to your pension provider account and enter your beneficiary nomination data to allow the pension provider to know your wishes.

Click here to find out more about what happens to your pension if you die and to log in to Your Peoples Pension account, or here for Barratt Developments PLC Scottish Widows Mastertrust pension.

It is equally important that if your circumstances change that you keep these updated.

Help & Support For further financial wellbeing support, please see the links below.

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 March?

Focusing on prostate and ovarian cancer, symptoms to look out for and the support available.

For information, tools and links on many areas of health and wellbeing please click here to visit our My Barratt Benefits website. For any queries or suggestions, please contact handw@barrattplc.co.uk.