New staff benefit: Salary Finance savings and loans



A new staff benefit has been launched for employees at Somerset County Council maintained schools. With Salary Finance, employees can save and apply for loans with payments coming directly from your salary.

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Financial worries can have an impact at home and work. With this in mind, Somerset County Council has launched a new staff benefit designed to help you improve your financial health.

With Salary Finance, you can access budgeting tips and tools, save and apply for loans at affordable rates, with payments coming directly from your salary.

Salary Finance can help you to:

Save simply: Savings can be deducted directly from your salary, to make it easier to save for the things you want in life.

Borrow responsibly: Salary Finance loans have affordable interest rates and are repaid from your salary. They can replace expensive debt like an overdraft or credit cards, or help with a financial emergency.

Learn better habits: Salary Finance offer a range of tips and videos to help you better understand your personal finances, as well as tools for budgeting and saving.

To find the answers to more frequently asked questions and to apply visit https://SCC.salaryfinance.com

Important: This is an option, not a recommendation. Somerset County Council do not benefit from offering this service and all your communications will be with Salary Finance. Loan applications will be assessed to make sure the loan is appropriate and affordable for you.


Important information – from Salary Finance

Loans are available from £1,000 – £25,000 with interest rates from 3.9% – 19.9% APR, with a representative rate of 9.9% APR. The application is online and typically takes 5-7 minutes.

Representative Example: Amount of credit: £3,000. Term: 36 months. Annual interest rate/representative rate: 9.9% APR (fixed). Monthly payment: £96.07. Total repayment: £3,458.41.

Salary Finance Limited is authorised and regulated by the Financial Conduct Authority under firm reference number 758053 and registered as a small payment institution money remittance firm, reference number 788485. Registered in England and Wales at One Hammersmith Broadway, London, W6 9DL, company number 09677777. Data Protection Registration: ZA152606. All rights reserved.

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Created at 19/10/2018 12:27 by James Britton
Last modified at 19/10/2018 12:27 by James Britton