Coronavirus Financial Support

Other financial help and assistance

Test and Trace Support Payment 

This has been introduced to help means-tested benefit claimants on low incomes, who are asked to self-isolate by NHS Test and Trace, are unable to work from home and will lose income as a result. The scheme is also open for parents and gurdians of children that have been asked to self isolate by the education or childcare setting, they are unable to work from home and will lose income as a result. 

For those entitled, it will be a £500 one off payment.

For more on the qualifying criteria and how to claim see the Test and Trace page – Financial support for those self-isolating

Have you been made redundant?

Being made redundant can be a confusing and stressful time especially if you are unsure what to do next. There is a range of help and advice on what you need to do if you are made redundant available on the Business-on-Sea webpage: Redundancy Support

Mortgages

Customers who are concerned about their current financial situation should contact their lender at the earliest possible opportunity to discuss if this is a suitable option for them.

Loans and Credit Cards

If you are experiencing difficulties paying back personal loans or credit card bills as a result of COVID-19 please speak to your lender who should have flexibility built into their schemes

The Money and Pensions Service have added two pages to their website which will be constantly monitored and updated which will provide direct guidance to the public about money in general and then more specific financial guidance and actions that people can take to help themselves.

Coronavirus and your money

Coronavirus – what it means for you and what you’re entitled to

 

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