Financial Wellbeing at Work

Money worries follow people to work. Find out how financial wellbeing support and tax-efficient benefits can help your employees and your business.

Money worries don't clock off when the working day begins.

Rent or mortgage payments, household bills and the rising cost of living can weigh on people at any income level. That stress can be hard to leave at home, and it can affect people's focus, health and enjoyment of work.

Employers can't solve every money problem, but they can help. That's where financial wellbeing support comes in.

What is financial wellbeing?

Financial wellbeing means feeling confident about your money today and optimistic about your future. It's less about how much someone earns and more about how well they can manage, plan and cope with the unexpected.

Why it matters at work

When financial stress eases, the benefits can reach beyond the individual:

• Better focus: fewer distractions during the working day
• Less absence: less time away dealing with financial problems
• Greater loyalty: people notice when an employer supports them
• Stronger engagement: less stress can leave people with more energy for their work

What employers can offer

Financial education. Workshops can cover budgeting, saving, borrowing and planning for later life.

One-to-one guidance. Access to a qualified financial planner gives people advice that fits their situation.

Payroll savings. Regular savings through payroll can help people build a rainy-day fund.

Pensions. Pension contributions help people save for later life. With auto-enrolment now in place, it's a good time to help employees understand their options.

Protection. Income protection and life assurance can give people security if the unexpected happens.

Benefits that put money back in people's pockets

Some benefits offer an immediate, practical saving:

• TaxSaver commuter tickets: public transport tickets paid for through salary sacrifice, with savings on income tax, USC and PRSI
• Cycle to Work: a new bike and safety equipment paid for through salary sacrifice, with limits from €1,250 to €3,000 depending on the bike
• Corporate gym rates: lower-cost access to gyms nationwide
• Employee discounts: savings on everyday spending
• Tax-free vouchers: up to five non-cash benefits a year, worth up to €1,500 in total, under the Small Benefit Exemption

Getting started

1. Ask what would help. An anonymous survey can show what's worrying people.
2. Start with what you have. You may already offer useful benefits that people don't know about.
3. Use trusted experts. Choose regulated advisers for anything that involves financial advice.
4. Keep it private and pressure-free. Money can be a sensitive topic, so make support confidential and optional.
5. Review the results. Use surveys and take-up figures to see what's helping.

Support your people's financial wellbeing

A well-chosen package can add real security to people's lives. Hubex offers a range of benefits, from a single scheme to a full flexible package. Talk to our team about what would work best for your employees.