Financial wellbeing policy template
A financial wellbeing policy sets out the help an employer gives staff with money, who can use it, what stays confidential and who owns it. The CIPD's February 2026 reward survey found 15% of organisations have a formal financial wellbeing policy or strategy. The ten sections that follow can be copied and edited; the words in square brackets are for you to fill in.
Figures checked 30 October 2026.
The policy
1. Purpose
[Company] wants every employee to be able to manage their money with confidence. This policy sets out the help we provide, who can use it and how we keep it confidential.
2. Who it covers
Every employee, full-time or part-time, from their first day.
3. What we provide
[Provider] gives every employee the free money tools, a read-only bank Healthcheck, a free 30-minute call with a coach and a webinar each quarter. [Company] pays for [list what the company pays for, for example a Money Road Map for each employee who wants one]. Information and advice about your pensions, up to £500 a tax year, is provided tax-free.
4. Confidentiality
What you tell a coach, and any bank data you connect, stays with [Provider]. [Company] receives only the number of people signed up, the sessions held and the topics raised, for groups of ten or more. Nobody will be treated differently at work for using the service or for telling us about money worries.
5. Pay and pensions
We pay on [payday] each month. [Name] will explain your payslip or tax code on request. We put eligible employees into the [scheme name] workplace pension and pay [x]% of qualifying earnings. [Salary sacrifice is available for pension contributions.]
6. Pay advances and loans
[We do not offer pay advances.] or [Employees can draw up to [x]% of pay already earned through [provider], for a fee of £[x] per withdrawal, paid by [the employee / the company].] [Company] loans to employees are interest-free up to a combined £[x], below £10,000, so no taxable benefit arises.
7. Debt and money worries
If you are worried about debt, StepChange (0800 138 1111), National Debtline (0808 808 4000) and Citizens Advice give free, confidential help and can deal with creditors. Your manager can point you to them and to [Provider].
8. Life changes
Our [maternity / paternity / sick pay / carer's leave] policies set out what we pay above the statutory amounts. A coach can help you rework your budget when pay changes.
9. Responsibilities
[Name, role] owns this policy. Managers point employees to help and keep what they are told confidential. Employees choose whether to use the service.
10. Review
We review this policy every [month] after the annual staff money survey. Last reviewed: [date].
Before you publish it
Check sections 3 and 6 against your payroll: pensions information and advice is tax-free only up to £500 a tax year, and employer loans become a taxable benefit once the combined balance reaches £10,000 at any point in the tax year. Taxable benefits · Earned wage access
Section 5 needs your automatic enrolment details. Automatic enrolment duties
Common questions
Is a financial wellbeing policy a legal requirement?
No. It sits alongside the policies you already have on pay, pensions, sick pay and family leave.
Should it promise confidentiality?
Yes. Staff use the help only if they know their employer will not see what they tell a coach. Report figures only for groups of ten or more.
Who should own it?
Whoever owns HR or payroll in the business. In a small firm that is usually the owner or the office manager.
How often should we review it?
Once a year, after the annual staff money survey, so the help on offer follows what staff say they need.
Related guides
Guides for employers
- Financial wellbeing cost per employee in the UK
- Employee financial wellbeing for small businesses
- Financial coaching for employees
- Is employer-paid financial coaching a taxable benefit?
- The £500 pensions advice exemption for employers
- What the 2029 salary sacrifice cap costs employers
- Employee financial wellbeing survey questions
- Automatic enrolment duties for small employers
- Earned wage access and salary advances for employees
- Supporting employees through life changes
- How to set up a financial wellbeing programme
- Financial wellbeing providers' prices compared
- Salary sacrifice calculator
- Benefit or pay rise calculator