MoneyHelper is a free one-stop destination for everything focused on financial well-being. Backed by the government, MoneyHelper seeks to provide impartial guidance and support and to help answer any questions you might have about your money— from debt management and savings to making the most out of your pension. This service is provided by the Money and Pensions Service, an organisation sponsored by the Department for Work and Pensions.
What does MoneyHelper include?
Previously, these services were provided by multiple sites which some found more difficult to navigate. By bringing all aspects of financial support and guidance under one service, the new MoneyHelper makes it easier to find information and get help for people of all ages.
MoneyHelper combines three pre-existing, government-backed services:
- Money Advice Service – an independent service created to help you make the most of your money
- Pension Wise – offers free guidance to those over 50 with a defined contribution pension
- The Pensions Advisory Service – a service dedicated to helping anyone who has a problem with their occupational or private pension
In addition to the services above, MoneyHelper has a library of free tools and calculators for everything from family to pensions savings. They also provide a free and confidential service for those seeking debt advice.
How does this impact me?
Mostly, the launch of MoneyHelper means that you now only have one place to go to get free, impartial financial guidance.
You may also find that there are links to some of the original services dotted around the internet. The sites for these services do redirect to MoneyHelper now, so don’t be surprised when that happens. We’ve updated the Creative Pension Trust website, so you’ll always be sent to the right place.
You can learn more about MoneyHelper by watching this helpful video they have put together here.
MoneyHelper is a great way to find impartial guidance and answers to your financial questions. It is open to everyone and aims to help people clear debts, reduce spending and prepare for their financial futures by making the most of their workplace pensions.
It’s important to remember that financial guidance is a good way of finding out what options you have. MoneyHelper is a great place to start to get this information for free. If you are looking for advice as to what is right for you, you may want to speak to a Professional Financial Adviser who can build a financial plan that is tailored to your requirements.
Unbiased.co.uk is dedicated to helping people find a financial adviser who will work best with you and your situation. You should always background check your financial adviser by ensuring their organisation is registered with the Financial Conduct Authority. Visit www.fca.org.uk/ to view the official register.
To ensure your financial well-being is in prime condition, visit MoneyHelper.org.