Financial support for your employee
Cancer can have a serious impact on personal finances. People often experience a loss of income and, at the same time, increased expenses such as travelling to hospital.
Macmillan is well-equipped to help with money worries, offering a wide range of publications and services. We have more information about how we can offer financial support and guidance.
How Macmillan can help
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Welfare Rights Advisers
Many people affected by cancer will be entitled to financial help, but state benefits can be hard to understand and difficult to access. Research shows that the benefits system is not well designed to meet the needs of people affected by cancer.
Our Welfare Rights Advisers on can tell your employer which benefits they may be entitled to. They can also help them complete the forms and apply for benefits.
We also have a national network of financial advice centres that your employee can visit. You can search on our website to find your nearest one.
Financial Guidance Service
Our expert financial guides understand how cancer can affect someone’s finances. They can support people affected by cancer to plan and manage their money. They can help with matters such as pensions, borrowing, savings, mortgages, investments, banking and insurance. You may also find our online financial guidance tool helpful.
Your employee may find our booklet Help with the cost of cancer useful, which explains state benefits and how to apply for them. We also have financial information and booklets about financial planning, managing money day-to-day, and debt. You can order our booklets from be.macmillan.org.
Macmillan offers a free benefits awareness course, which you might find helpful.
Other sources of support
If you live in England, Scotland or Wales, you can find out about state benefits and apply for them online at gov.uk This website has information about financial support, your rights, employment and independent living. You can also get information about these issues from the relevant Department for Work and Pensions helplines.
If you live in Northern Ireland, you can find out more about financial support, employment and your rights online at nidirect.gov.uk Or you can call the Benefit Enquiry Line Northern Ireland for more information.
You can also find out more about benefits from Citizens Advice.
If your employee belongs to a trade union, they may also be able to offer advice.
Impact of employment changes
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If a cancer diagnosis causes changes to someone’s employment, they should seek expert advice.
Changes to the person’s employment can cause:
a loss of income
a change in pension entitlement and payouts under insurance policies, including life, mortgage, income protection and critical illness insurance
a change in eligibility for state benefits – this can be a very significant source of new income for people affected by cancer and it may not occur to your employee to apply for benefits.
The choices someone makes about employment can significantly affect their entitlement to financial help and their long-term financial outlook. Before formally agreeing changes in working hours, resignation or early retirement, ensure your employee has obtained expert advice about the consequences for their own situation.
Your employee may wish to consult a financial adviser about financial products such as pensions, insurance and investments. Financial advisers may charge a fee for their services.
Your employee can confirm a financial adviser’s credentials by checking the Financial Conduct Authority website.
Your employee can also get information from the Money Advice Service – an independent body set up by the UK government. It runs a free financial health check service and gives general advice about all types of financial matters. It can also recommend where to go for more detailed help.