Looking after your financial wellbeing is really important. We have tools and information to help you with this.
Try our financial safety net tool
Our easy-to-use tool will help give you an idea of how strong a position you’d be in if you lost your income.
1
A few questions
Do you have enough money put aside to cover at least 3-6 months of living expenses if you weren’t working? Select one option from Yes, No
How much do you have in savings? Select one option from Under £5,000, £5,001 - £10,000, £10,001 - £15,000, Over £15,000
Don't worry if your numbers aren't exact, your best guess is good enough to help us provide you with your financial picture.
Do you have insurance in place to protect your income if you couldn’t work? Select one option from Yes, No
Income protection could help cover lost earnings if you couldn’t work. You may have some form of cover through your company or you may have your own policy in place.
Do you have insurance in place to protect your income if you couldn’t work? Select one option from Yes, No
Income protection could help cover lost earnings if you couldn’t work. You may have some form of cover through your company or you may have your own policy in place.
Do you have insurance in place to protect your income if you couldn’t work? Select one option from Yes, No
Income protection could help cover lost earnings if you couldn’t work. You may have some form of cover through your company or you may have your own policy in place.
2
Your financial picture
You’ve limited financial resilience currently
Based on the information you gave on your savings and income protection, it looks as if your financial resilience would be low if you lost your income. To help improve this we suggest that you try to increase your savings. Perhaps start with putting a little away every month to help build this up. Ideally you should have savings easily available to cover at least three to six months of living expenses if you faced an emergency.
If you were unable to work you may be entitled to claim state benefits to help support you. If you are working you may have some income protection payment through your company so check if you do and the amount of cover offered. You may also want to consider insurance to protect your income.
Our tool is intended to give you a guide and isn't intended to be financial advice. Below you’ll find more tools and information on budgeting, financial priorities and places where you can get financial guidance.
You’ve some financial resilience currently
Based on the information you gave on your savings and income protection, it looks as if you have some financial resilience. There are two areas you should review to help build up your safety net.
Ideally you should have savings easily available to cover at least three to six months of living expenses if you faced an emergency.
If you were unable to work you may be entitled to claim state benefits to help support you. If you are working check whether you are entitled to sick pay and how long this would last in the event of long term absence.
You may also want to consider insurance policies to protect your income to increase your financial resilience. If you already have this cover in place, make sure it continues to provide the protection you need. This type of insurance usually has a period of time before they pay out, so check whether your savings are enough to tide you over if that applies.
Our tool is intended to give you a guide and isn't intended to be financial advice. Below you’ll find more tools and information on budgeting, financial priorities and places where you can get financial guidance.
You’ve strong financial resilience currently
Based on the information you gave about your savings and income protection, it looks as if you have strong financial resilience. Well done. A couple of considerations.
Is your income protection sufficient to meet your needs if you weren’t working for a long time?
If you are covered by income insurance, these policies usually have a period of time before a claim is paid, so it could be an idea to check whether your savings will last until the payment of any benefit starts.
You may wish to review your needs and take advice on whether there is more you could do to build your resilience further.
Our tool is intended to give you a guide and isn't intended to be financial advice. Below you’ll find more tools and information on budgeting, financial priorities and places where you can get financial guidance.
Resources to help with money management

Budget planner
Try our budget planner to see if there’s areas where you might be able to reprioritise your spending.

Managing your money through uncertain times
Read our practical steps to review your finances and help increase your financial security.

Free Midlife MOT course
Your midlife years are likely to be busy. That can make it difficult to look beyond your day-to-day challenges and achievements. Our new course with The Open University will help you take a long-term view of where you're headed and what you need to do to get there.
Hear questions and answers on money
Join Angellica Bell as she meets people with some big financial questions – and money experts who have the answers. Listen in as they cover everything from staying financially healthy as the cost of living rises to the gender pension gap.