Covid 19 Status

In line with HM Government requirements to fight the spread of Covid-19 we have measures in place to ensure that we protect our staff, their families and the wider community, but also to ensure that there is minimal disruption to our customers.

Your access to online Multi Agency Credit Reports, Expert Help and Account Management remains unaffected. We take great pride in the support that we provide to our customers and throughout this period will do all we can to minimise the impact on our services. While the country remains in lockdown we will continue to support your queries via a dedicated and experienced team that will be securely working from home, and supported by a Management Team that will continue to be based at our head office and who will be able to provide customer support as required.

The security measures that we have in place to protect your Personal Data, in line with our Privacy Policy, will mean that some elements of our personalised support are affected during this period as our support team will be working with anonymised data when working remotely. Freephone access to our Credit Analysts has been removed during this period while we focus our efforts on continuing to reply to all of your emails and secure messages within one working day.

Thanks for your understanding, and we hope to have full customer support available as soon as possible and wish you well during these challenging times.

CREDIT REPORT SERVICES AND ONLINE EXPERT HELP ARE FULLY OPERATIONAL - PHONE LINES ARE CLOSEDCOVID-19 STATUS

ONLINE SERVICES FULLY OPERATIONAL
PHONE LINES ARE CLOSEDCOVID-19 STATUS

Statutory Sick Pay: What you can get

Posted by Sam Griffin in Personal Finance on 19 March 2020

Recent health concerns in the UK are starting to worry workers – and that’s putting it mildly. Pandemics and tumbling stock prices are rarely good for business and, where businesses struggle, often so to do the personal finances of workers. But what happens if you fall ill in the middle of all this?

Many are understandably worrying about how they’ll pay their rent or mortgage if they’re unable to work – either through illness or forced closure. Pressure breeds stress, which in turn can make you even more susceptible to illness. It’s a nasty cycle that could very easily spiral out of control.

Thankfully, some of the concern can be put to bed. The UK has a fairly robust sick pay system that entitles employees to funds when unable to work due to illness. A bit of clarity goes a long way in gaining some peace of mind, so it’s best to check whether you’re eligible for Statutory Sick Pay, how much you can get, and how to get it.

What is Statutory Sick Pay?

Statutory Sick Pay (SSP) is a legal right in the UK for any employees who meet the eligibility criteria. SSP ensures that employers provide workers with a baseline level of sick pay, which is currently up to £94.25 per week for up to 28 weeks.

SSP is paid by employers (rather than the government) to employees, directly to their bank accounts just like wages.

Some employers offer Occupational Sick Pay (OSP), which is sickness benefit decided by the company’s own policy. Your employer’s Occupational Sick Pay might offer benefits that exceed the minimum SSP but cannot be anything less. OSP is essentially a little bit extra offered by your employer, in addition to your Statutory Sick Pay.

The Statutory Sick Pay safety net is especially welcome during times of financial hardship, where pressing bills – such as a mortgage or rent – can be an additional source of worry to someone already suffering from an illness.

Who is eligible for Statutory Sick Pay?

To benefit from Statutory Sick Pay, you’ll need to meet the following:

  • Have a formal employment contract with your employer. This document outlines the terms of your employment, including your duties, responsibilities, and pay. If you don’t have a copy, you can request one from your line manager
  • Have been unable to work at least four days in a row due to illness – including non-working days
  • Earn at least £118 per week from your job
  • Have notified your employer of your illness within their time limit (or seven days if they don’t have one). If you fail to tell your employer that you’re sick, they won’t have to start paying SSP until you do
  • After seven days, you only become eligible for further Statutory Sick Pay by giving your employer proof of illness (such as a doctor’s note)
  • Must work within the EU
  • Haven’t yet received your maximum 28 weeks’ worth of SSP

If you can tick these boxes, you’ll be eligible for SSP. This means your employer is obliged to provide SSP if you’re unable to work due to illness.

Even workers on zero-hour contracts can benefit from Statutory Sick Pay, as long as they meet the criteria set out above.

Your employer’s Occupational Sick Pay may have different (maybe even more lenient) criteria before they start helping you, but you’ll need to check with them directly. Their individual business policies will be unique to them as a company and may vary.

Can self-employed workers get Statutory Sick Pay?

Help for the self-employed is especially important during an illness, as they’re entirely dependent on their own labour to support themselves. Unfortunately, self-employed workers are not eligible for Statutory Sick Pay, as it is a benefit an employer provides to their employees.

Instead, self-employed workers often take out some form of sickness insurance to cover a portion of lost income if they’re unable to work. A form of income insurance can help the self-employed, but it’s worth noting that sickness insurance usually pays out less than Statutory Sick Pay, so it’s not an exact comparison, but it is a small safety measure.

To sum up:

  • If you’re employed and eligible for SSP, you can get up to £94.25 each week for 28 weeks – a major source of financial help when you’re unable to work
  • Your employer can ask for a doctor’s note as proof of illness before paying sick pay after the initial seven days
  • Self-employed workers cannot benefit from Statutory Sick Pay, but might take out sickness insurance instead

What else can I do?

If you’re taken ill while qualifying for Statutory Sick Pay, the benefits can hopefully provide some relief.

You can also get a thorough understanding of your finances by keeping an eye on your Credit Report, which details the status of your credit accounts, balances, and outgoings. You’ll be able to see how much you owe on your reported accounts, to which creditors, and keep track of your money even easier.

The health of your Credit Report can influence how expensive your credit cards, loans, and even your mortgage might be, now and in the future. It’s also vital in deciding whether you’ll be accepted or declined credit in the first place.

You’ll have a different Credit Report at each of the four Credit Reference Agencies: Equifax, Experian, TransUnion, and Crediva. Because each one holds a different set of information, you’ll need to check them all to ensure you leave no stone unturned.

checkmyfile helps make this process hassle-free by collating your complete information from all Credit Reference Agencies into the UK’s most detailed Credit Report. You can check your Multi Agency Credit Report free for 30 days. It’s then just £14.99 per month and you can easily cancel at any time online, or by freephone or email.

The peace of mind offered by monitoring your Credit Report and Statutory Sick Pay should help put excessive worry to rest.

Lloyds and Nationwide to offer coronavirus mortgage payment holidays

Lloyds Banking Group – which includes Bank of Scotland and Halifax – is just one lending organisation that’s offering to help ease financial pressure on customers impacted by the recent coronavirus (Covid-19). Mortgage payment holidays are the most talked about measure, but there’s a host of other measures for renters and credit card customers too. Worries over debt repayments are understandably widespread, as the virus continues to damage not just the health of workers across the UK but businesses and share prices overall.

Published on 19 Mar 2020 by Sam Griffin

Full Article

Everything you need to know about buy now pay later

One of the latest trends in retail is the growing popularity of buy now, pay later schemes. The premise of buy now, pay later is exactly as it sounds, allowing shoppers to delay and stagger payment for a product that they can take home immediately.

Published on 2 Mar 2020 by Andrew Brown

Full Article

Child maintenance court records to show on your credit report

Since March 2015, The Child Maintenance Service (CMS) has been sharing information with the UK’s Credit Reference Agencies. This means missed Child Maintenance payments can be flagged up on a late payer’s Credit Report, potentially harming their Credit Rating and making a successful credit application – whether a mortgage, credit card, or loan to name a few – even more tricky.

Published on 20 Jan 2020 by Kirstie Brown

Full Article

How Far Back Can I get my Credit History?

For your recent payment history information, your Credit Report has everything you need; that’s why it’s given so much importance by lenders whenever you apply for credit. But if you’re looking for information that’s six years old or more, it’s probably not be the best place to start.

Published on 10 Jan 2020 by Jamie Mackenzie Smith

Full Article

Blue Monday: The Most Wonderful Time of the Year

Once Christmas is done and dusted, tree packed away or sent for shredding, and decorations retired for another year, a powerful mindset seems to swiftly grip the UK, leaving everyone convinced that January is the worst time of the year. The Christmas spirit has floated out the window as quickly as it arrived, and we’re left with cold, rainy days and the inevitable mountain of credit card bills.

Published on 2 Jan 2020 by Sam Griffin

Full Article

Do New Year's Resolutions Work?

Before launching yourself into a New Year’s resolution, it’s worth treating the age old tradition like any other product or service – check out reviews from people that have already tried it, see if it’s worth the effort and – crucially – find out whether or not it will actually work.

Published on 24 Dec 2019 by Sam Griffin

Full Article

Applying for credit at christmas

Christmas is known as the season of giving, but it can be easy to go overboard. There are two very important questions you should ask yourself before launching Christmas presents at everyone: ‘How much is this going to cost?’ and ‘What’s in it for me?’ Let’s find out.

Published on 23 Dec 2019 by Beth Reeves

Full Article

Which Credit Report Information Can Landlords See

These days whenever you rent a property you may be required to pass checks set by the landlord or letting agent to prove that you will be a good tenant and can reliably make rent payments to the property on time.

Published on 20 Dec 2019 by Kevin Pearce

Full Article

CCJs or County Court Judgments

It’s no secret that the levels of unpaid debts in the UK have been rising over the last few years, as household incomes stagnate and everything else in this world seemingly becomes more expensive. According to Credit Action, debt per adult is over £31,000 – or around 110% of average earnings. It’s also projected to take a whopping 26 years of consistent, minimum monthly payments to clear an average credit card. Debt may be all around us, but what happens when payments can’t be made when they fall due?

Published on 6 Dec 2019 by Kevin Pearce

Full Article

Could your Netflix and Spotify subscriptions help build your Credit Score?

Building creditworthiness takes time and diligence. At the heart of improving your Credit Rating is the simple habit of managing existing credit agreements well, and proving to potential lenders that you are a good credit risk.

Published on 31 Oct 2019 by Andrew Brown

Full Article
keyboard_arrow_left

keyboard_arrow_right

We are rated number 1 for customer service on