Nick Hill, money expert at the Money and Pensions Service commented:
“We know that a lot of people are worried about their finances right now and will be wondering what the measures announced in today’s Budget might mean for them.
“If you think changes to the Universal Credit taper rate may apply to you, or you think you may be claiming Universal Credit in the future, MoneyHelper’s free Money Manager Tool is a great place to start. This will help you budget and manage your money through any changes to your payments.
“If you think you will be impacted by any other changes announced in today’s Budget, visit www.moneyhelper.org.uk for free tips and tools to help you manage your money, such as the Money Navigator for guidance based on your personal situation. Alternatively, you can speak to MoneyHelper’s money and pensions experts, who can help you understand what steps to take next, by calling 0800 138 7777.”
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About the Money and Pensions Service
The Money and Pensions Service (MaPS) is here to ensure every person feels more in control of their finances throughout their lives: from pocket money to pensions. When they are, communities are healthier, businesses are more prosperous, the economy benefits and individuals feel better off. MaPS delivers free and impartial money and pensions guidance to the public through MoneyHelper, which recently brought together legacy services the Money Advice Service, The Pensions Advisory Service and Pension Wise.
MaPS is working to make sure the whole of the UK understands that financial, physical and mental health are all deeply connected. MaPS’ role is to connect organisations with the shared purpose of achieving the five goals set out in the UK Strategy for Financial Wellbeing.
MaPS supports innovation so that everyone can use the most effective methods to help people feel more in control of their money, targeted to those most in need and inclusive of people from all backgrounds. MaPS is an arm’s-length body sponsored by the Department for Work and Pensions (DWP).
For further information visit the Money and Pensions Service website: www.maps.org.uk