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
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.
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.
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.
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.
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.
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.
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
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
|Designing a post pandemic council tax reduction scheme
As a result of the income shocks brought on by the pandemic more people are now in need of council tax support, yet many who are eligible aren't claiming and debt is rising. |
Evidence shows that people claiming Universal Credit for the first time are starting benefits with higher debt. This reflects both the time taken to navigate the benefit system and delay in application.
For councils, council tax support caseloads have gone up and, because more people are on Universal Credit which can fluctuate from month to month, administration costs have too.
More income shocks are on the way as furlough, the £20 uplift to Universal Credit and other Covid-related supports are withdrawn. Extra temporary funding is available this year but who should councils target this funding to, and how can they design a council tax support scheme that is flexible enough to deal with changing caseloads and funding?
Join this webinar to hear:
- Latest thinking about how Council Tax Reduction Schemes can more easily target those most in need
- How to balance the need to stay within budget with the need to meet political commitments
- Emerging trends for the future
|25/8/2021||10:30 BST||1.3 hours||Register|