What is "MoneyHelper"?
12 Aug 2024
MoneyHelper is a government-backed service designed to make managing your finances and pensions easier. It combines the expertise of three previously separate services: the Money Advice Service, the Pensions Advisory Service, and Pension Wise.
Simpler Financial Guidance
The aim of MoneyHelper is to provide clear, impartial guidance. Whether you need help with budgeting, saving, or understanding your retirement options, MoneyHelper has the resources to support you. Their guidance is unbiased, meaning they offer suggestions based on your needs, not on selling you a product.
What They Offer
MoneyHelper provides a variety of helpful tools. Their website features articles, printable guides, and blog posts. These resources can help you start saving, plan your budget, or even get on the property ladder. They also offer free and confidential consultations if you need more personalised assistance.
Why Use MoneyHelper?
It's a good idea to use MoneyHelper as a supplementary resource along with other services (like Penny!). Since MoneyHelper is funded by levies on the financial services industry and pension schemes, you can receive some financial guidance without any cost to you. Their staff are well-trained and often have experience in the financial sector.
Accessing Their Services
If you're aged 50 or over, you might find their Pension Wise service particularly beneficial. This part of MoneyHelper focuses on providing clear, specialised guidance on pensions and other retirement options. Giving them a call at 0800 138 3944 can connect you with the right information to make informed decisions.
While MoneyHelper offers beneficial services, they are currently experiencing high demand. The process of scheduling, undertaking and reporting an appointment might take longer than expected, sometimes up to 80 days. Generally, however, appointments can scheduled quickly and simply.
TLDR;
MoneyHelper is a valuable resource for anyone looking to get a better handle on their finances and pensions. While it may take some time to get an appointment, the guidance provided can be a valuable part of your financial planning toolkit.
