Grow the financial strength of the people you help

Our calculator helps clients in the finance and utility sectors give the best guidance, without needing to be experts in the benefit system

One in three households have lost income as a result of the pandemic, and nearly half of families with children have lost household income. The pandemic has impacted millions of people, including those who have no experience of the benefits system.

Many people are unaware of the full range of help and support available, or what they are potentially eligible for. As a result, people are missing out on around £10 billion of benefits they are entitled to claim each year.

There are times when we all need a little extra support. We are here to help your customers quickly and easily access the support available.

Benefit and Budgeting Calculator

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Our award-winning Benefit and Budgeting Calculator is the best tool to help you grow the financial strength of your customers.

The calculator helps you build the financial strength of your customers without needing to be a welfare expert. The tool helps you securely and confidentially assess your customer’s unique situation to pinpoint benefits they may be eligible for, to give them the widest possible range of support. It uses your customer’s information to calculate their future income to help them plan from month to month, so they can take control of their money and become financially stronger.

Giving the best welfare guidance to help people make decisions can be a huge challenge. It’s hard to stay on top of the latest updates, have difficult conversations and treat all customers equally well.

Standard Financial Statement and affordability

Our calculator uses the Standard Financial Statement and provides organisations and people with a digital way to complete their budget in a format recognised across a multitude of sectors.

Lesser known and under claimed supports

Our calculator covers more than Universal Credit and other well-known benefits. It also calculates eligibility for extra financial support schemes available from local authorities, utility providers and others, such as council tax support, food vouchers, free prescriptions and warm home discounts, to name a few. You can offer your customers self-serve access to the calculator whenever they want it, via your website.

Built-in support for difficult conversations

Our calculator has handy built-in average cost of living data. These numbers, from Office for National Statistics’ data about similar households, can help ease tension during difficult conversations about expenditure. This allows you to objectively help customers budget well and identify ways they can reduce their expenditure.

Financial Conduct Authority: data portability

Our calculator allows you to assess your client’s income and expenditure easily. It also gives your client the ability to share their income and expenditure with other organisations so they only need to complete it once.

Compare finances if circumstances may change

Our calculator lets you model changes in your customer’s circumstances so they can see how their financial situation is going to change. This could be as a result of redundancy, reduced job hours, or changes to their family such as having a baby.

Recognise vulnerability, and act

You may not be able to prevent vulnerability, but you can prevent further harm as a result of it. Our calculator enables you to go further than assessing affordability alone by giving you the ability to check if your customers are claiming all the benefits and support they’re eligible for. This income maximization, together with cost savings, means you can improve the financial strength of your customers.

Finance sector organisations use the Benefit and Budgeting Calculator to:

  • Accurately maximise income
  • Compare different scenarios
  • Create a positive action plan
  • Explain complex changes simply
  • Identify ways to improve budgeting
  • Give consistent and up-to-date guidance
  • Save, store and access cases efficiently

Inspirational stories from clients who use
our Benefit and Budgeting Calculator

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The Benefit and Budgeting Calculator helps CDER Group’s customers to take control of their finances

The Benefit and Budgeting Calculator is offered as a self-serve facility for customers to take control of their own financial situation without the potential discomfort of discussing their circumstances face to face or via phone. The tool offers a live chat helpdesk to customers staffed by Policy in Practice experts and CDER Group’s dedicated welfare team is also on hand to offer guidance or specialist referrals where necessary.

Register for an upcoming webinar

TitleDateStart TimeDurationRegister
How to identify and support Just About Managing households using data The government has said it wants to make life easier for the 'squeezed middle' or people who are just about managing. These are the families who are not rich and they are also not those on the lowest incomes. Despite most being in work, they are struggling to meet their cost of living and it is no wonder.

The cost of living hit a 30-year high in February with inflation running at 6.2% and outpacing wage growth. Electricity bills were up nearly 20% in the year to January 2022, and gas bills by 28%, with further rises expected. Private rental prices across the UK went up by 2% in the year to January, the highest rate for five years; in the East Midlands that figure was 3.6%.

We know that one in five UK adults (10.3 million people) have less than £100 in savings, one in ten have no savings at all and more than a quarter have less than £500. Many are one broken appliance away from slipping into debt.

Local authorities want to help families who are struggling now to avoid a crisis down the line yet they have little or no visibility over people who are not already claiming benefits. Now though, analysis of other datasets can be used to get a clearer picture of families who are just about managing.

Join this webinar to learn:

- Who is just about managing now but at risk in the future due to the rising cost of living
- Which datasets can be used to identify families in danger of debt
- How local authorities can target support to avert crisis
29/6/202210:30 BST1.3 hours
Register
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