Many have found that their working hours have been reduced as a result of Covid-19. As a result, their income has also reduced. However, this does not necessarily mean that you meet the Governments eligibility criteria to receive relief benefits.
During these times, it is important to build a cash buffer. So if your income has been reduced, consider;
- Applying to the Government to have the amount of tax withheld from your pay reduced, meaning you will have more cash in your pocket now, and
- Reviewing your spending, reducing costs and preparing a budget.
For other helpful tips to get you through this period and come out the other end without having a financial hangover, read this blog.
Regardless of your situation, we are here to help you. Let’s work together to create a plan to help you and your family through this challenging time!
If you want to know more about your options please leave your details below and we will be in touch.