• How Can I Help my Children Buy Their First Home?

    How Can I Help my Children Buy Their First Home?

    This article was published on Thu 27 May 2021. At the time of publishing, this article was true and accurate, however, over time this may have changed. Some links may no longer work. If you have any concerns about this please contact us

    Buying their first home can be exciting, but many first-time buyers can struggle to get on the property ladder – with the demand for high deposits, along with the difficulty in qualifying for a mortgage. There are ways you could support your child in buying their first home, depending on your financial circumstances and your view on what support you wish to provide.

    How can you help?
    There are a number of ways that could help them get on the property ladder.

    • Gifting their deposit—worked out as a percentage value of the property. A larger deposit may give them access to better interest rates. There are currently no initial tax implications in doing this, however, if you die within seven years of gifting the deposit the amount gifted could be subject to Inheritance tax
    • Use your home to raise cash—a secured loan can use the equity in your home to raise money for their deposit. You do need to bear in mind that if you can’t keep up repayments on a secured loan your home may be repossessed
    • Equity release – lets you access the cash tied up in your home if you’re over 55. You could borrow up to 50% of the value of your home depending on your age and health
    • Joint mortgage/borrower – you would legally own a share of the property and may be liable for any mortgage payments. Some lenders may decline to give a mortgage to borrowers over a certain age. It may also be considered a second home and you will be liable to pay increased Stamp Duty when the property is purchased and Capital Gains Tax on the profits if it’s sold. Although some lenders offer this without the parent going on the deeds or owning the property, which means there is no additional Stamp Duty or Capital Gains tax to be paid. 
    • Family supported mortgage deals—you could deposit funds into a savings account linked to the mortgage which acts as a guarantee against the mortgage debt. This allows your child to secure a mortgage without needing a deposit. A condition is that you can only withdraw funds from your account after a certain period of time or once a percentage of the mortgage debt is paid off.

    Getting on the ladder without financial help

    If you’re unsure that you can afford to lend a hand financially, then there are other ways that could help.

    • Let them move back home—cutting down their monthly outgoings so they can save easier
    • Rent to Buy—Government scheme that enables subsidised rent on a qualifying property for a set period, after which they’ll have the option of either buying the property outright or entering into a shared ownership deal. No deposit is required
    • Help to Buy—another Government scheme where the Government lends up to 20% of the cost of a newly built home, so they’ll only need a 5% cash deposit and a 75% mortgage to make up the rest

    A mortgage is a loan secured against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.

    It’s important to remember the risks in all of the above options and you should consider the following:

    • Can you afford to help, not just now but in the future
    • Get professional advice from a solicitor, an independent mortgage advisor or an independent financial advisor
    • Make sure you understand the terms of any mortgage before you sign up.

    Want to learn more? Access our wellbeing hub here.

  • National Volunteers’ Week 2021

    National Volunteers’ Week 2021

    This article was published on Thu 27 May 2021. At the time of publishing, this article was true and accurate, however, over time this may have changed. Some links may no longer work. If you have any concerns about this please contact us

    Volunteers’ Week takes place 1-7 June every year. It’s a chance to recognise the fantastic contribution volunteers make to our communities and to say thank you.

    During an exceptionally difficult year, volunteers have played a key role in the pandemic response, people from all walks of life around the UK have taken the time to volunteer and make a huge difference in their communities.

    This week is a time for us to thank all volunteers for their invaluable contribution and also consider volunteering ourselves.

    Volunteering doesn’t just help others and the community but is has also shown to improve volunteers’ wellbeing too.

    It’s human nature to feel good after helping someone out. But volunteering can also help you gain valuable new skills and experiences, boost your confidence and be your chance to make a difference.

    People choose to volunteer for a variety of reasons. For some it offers the chance to give something back to the community or make a difference to the people around them. For others it provides an opportunity to develop new skills or build on existing experience and knowledge. Regardless of the motivation, by volunteering they are making a difference to the community.

    Volunteering is a hugely valuable and rewarding experience for the volunteers and the communities they support.

    There are many reasons to volunteer, including:

    Community – volunteering helps us giveback to those around us, particularly in the community we live or work in. When you volunteer you strengthen your community, improve the environment you live in, give something back to an organisation, make a difference to the lives of others and help others less fortunate or without a voice

    Volunteering enables people to play an active role in society and contribute to positive social change. Volunteers support vulnerable people in society and enable them to live a healthy and rewarding life. This could mean support with things we take for granted, such as practical help at home for disabled or older people, mentoring a care leaver and helping them to find their feet as an adult, or supporting a young mother struggling to provide for her children.

    Your mental health and self-esteem – volunteering also makes you feel good. In fact, a study has shown that not only is volunteering associated with increased happiness and lower depression, but it also reduces the risk of premature death.

    This is especially true if you enjoy volunteering and feel valued and part of a team. You will spend quality time away from work or your busy lifestyle and be in the moment. It may help you gain confidence and improve your self-esteem. Volunteering can also help to improve your mental health.

    Evidence suggest there are 5 steps you can take to improve your mental health and wellbeing. One of which is to give to others, research suggests that acts of giving and kindness and being part of community life can improve your mental wellbeing. For more details on the 5 steps to wellbeing click here.

    Action for Happiness list ten key ingredients for a happy and fulfilling life: giving, relating, exercising, awareness, trying out, direction, resilience, emotions, acceptance and meaning. Volunteering ticks most if not all of these boxes. For more details click here.

    Your Physical health – there are lots of different ways you can volunteer, but many of them involve physical tasks, like litter picking, dog walking for a local shelter, wildlife conservation and sports coaching, all of which will help keep you fit whilst you are also enjoying nature and the outdoors.

    There is lots of anecdotal evidence that volunteering has a positive impact on both your physical and mental health.

    Social – volunteering is a way to get a better understanding of people, cultures, places and organisations which can also lead to more social connections. Researchers believe that volunteering can extend a person’s life because humans thrive on social connections. Eye contact and smiling for example release the hormone oxytocin, which helps us handle stress better. Social interaction improves mental and physical health. When you volunteer you strengthen your social network, you make connections with the people you are helping, and you cultivate friendships with other volunteers. Volunteering creates stronger bonds between friends, family, and co-workers. People build closer relationships, better connections, and more powerful attachments to people when they work together.

    Personal Development – Volunteering is an opportunity to learn new skills, and can boost employment prospects. For some people, volunteering can be a route to employment, or a chance to try something new which may lead to a career change. Volunteering can also be a way of enhancing a CV, improving employment prospectsgaining an accreditation or using your existing professional skills and knowledge to benefit others.

    By volunteering in a specific profession you can gain valuable experience for a future career, for example, becoming a police special before joining the force.

    Values – volunteering can satisfy personal values or humanitarian concerns. For some people this can have a religious component. For instance, helping those less fortunate is a large part of Christianity and the concept of karma in Hinduism means those good deeds come back to you.

    People who volunteer, report a greater sense of purpose and meaning in their lives.

    Volunteering within the police service

    There are many volunteering roles within and connected to the police service, including the special constabulary, police chaplains, police service volunteers and our own FAO and AO’s.

    Police volunteering roles provide an opportunity to do something worthwhile in your spare time, making a real difference to your local police force and to your community.

    It allows you to become involved with policing and to be part of the policing family and to make a positive contribution to your area.

    For more details click on the links given below.

    Police Mutual FAOs and AO volunteers

    At Police Mutual we have volunteer Force Authorised Officers and Authorised Officers who represent Police Mutual customers within their own forces.

    Our volunteers are a vital part of the team and assist us hugely in promoting the financial wellbeing support we offer. Their assistance and advocacy are greatly appreciated.

    We would like to thank all of our FAO and AO’s you their continued support.

    Do you want to give something back and make a different with your spare time?

    Many serving and retired Police Service employees volunteer. If you’re interested in volunteering, here are some websites where you can find out more information:

    Want to learn more? Access our wellbeing hub here.

  • Cutting Down Your Monthly Mortgage Costs

    Cutting Down Your Monthly Mortgage Costs

    This article was published on Thu 27 May 2021. At the time of publishing, this article was true and accurate, however, over time this may have changed. Some links may no longer work. If you have any concerns about this please contact us

    One of the biggest bills we face each month is a mortgage. Here are some ways you could reduce your monthly mortgage costs.

    Consider coming off a standard variable ‘lenders rate’
    If you’re on a mortgage deal, most lenders will revert you to their standard variable rate (SVR) once your rate comes to an end. This will usually see your mortgage payments increase as the SVR tends to be higher than the product rate your payments were based on. Now is a great time to shop around for a more competitive deal either with your current provider or by switching to a new one.

    Switching to a cheaper mortgage deal
    Even if you’re mortgage deal hasn’t come to an end you could still switch to a cheaper mortgage deal with another mortgage lender. Whilst this could reduce your mortgage payments, it is likely that you will have to pay charges for ending your current deal early. It’s worth looking at your current deal to see what these would be and working out if switching deals is a cost effective option.

    Get a deal that charges daily interest
    You could be paying more on your mortgage if you are charged interest annually rather than daily. Every payment you make reduces your balance and the lower your balance the less interest you have to pay. If your interest is calculated annually it doesn’t factor in all payments you have made during the year. So interest calculated at the start of the year will be higher than later on in the year.

    Annual interest mortgages are not very common today but if you are on one you should consider switching- however this option won’t be for everyone and you may incur charges.

    Review your term
    Repaying your mortgage over a longer period of time can reduce your monthly payments in the short term, making them more affordable if meeting your monthly payments is a struggle. You could talk to your lender to discuss your options in the first instance, as extending the term may not be suitable for everyone.

    By increasing your term you will pay more in interest over the duration of the mortgage. If this is something you’re considering you must make sure you get mortgage advice to make sure that all of the options available to you have been fully explored.

    Untie your home insurance
    Usually lenders will require you to have insurance for your property as a condition of the mortgage offer. This is so you’re able to afford to rebuild should your home be destroyed.

    Some mortgage providers bundle home insurance with the mortgage. These deals could end up with you paying a higher home insurance premium than if you paid your insurance separately. Your lender may charge a fee for cancelling or moving but it’s worth checking.

    Find out how much you’re paying and take a look at our home insurance to see if we could save you money.

    Want to learn more? Access our wellbeing hub here.

  • Mental Health Awareness Week 2021

    Mental Health Awareness Week 2021

    This article was published on Fri 30 Apr 2021. At the time of publishing, this article was true and accurate, however, over time this may have changed. Some links may no longer work. If you have any concerns about this please contact us

    Mental health problems can affect anyone, any time of the year, but mental health awareness week is a great time to show your support for better mental health and looking after your own wellbeing.

    Hosted by the Mental Health Foundation, the theme for Mental Health Awareness Week, 10 -16 May 2021 is ‘Nature’.

    Access to nature is crucial for our mental health and millions of people re-discovered this during the lockdowns both this year and last. For more details of the week click here.

    The Week is an opportunity for people to talk about all aspects of mental health, with a focus on providing help and support.

    According to research by Mind of over 16,000 people, more than half of adults and over two thirds of young people said their mental health got worse during lockdown. Many people developed new mental health problems as a result of the pandemic and, for others with existing mental health problems, these have gotten worse.

    The past months have brought challenges and worries for us all, but especially for frontline key workers and health-care workers, who have the added worry of bringing COVID-19 home with them to their families.

    It is expected that the need for mental health and psychosocial support will substantially increase in the coming months and years.

    Taking care of your mental health is as important as taking care of your physical health. Mental health problems affect around one in four people in any given year. They range from common problems, such as depression and anxiety, to rarer problems such as schizophrenia and bipolar disorder.

    Take action to get the best out of the ‘new normal’, it may be hard but we all still need to live in the best way we can during these unusual times. This may be creating your own routine of things you enjoy doing, running, cycling, binging on Netflix, helping others in the community or learning a new skill, it doesn’t really matter what it is as long as you feel like you are achieving something and spending time looking after your own physical and mental wellbeing. For more information on looking after your mental health during the pandemic click here to access our guide.

    It is important that we all as individuals do what we can to look after ourselves and each other. You may have concerns about how others are coping with the current situation. Starting a conversation with someone around their mental health can feel daunting. You may be worried that you will say the wrong thing but remember saying nothing is far worse. For more details on supporting others during the pandemic click here.

    Like adults, children will respond to the current situation in different ways, such as being more clingy, anxious, withdrawn or angry. Respond to your child’s reactions in a supportive way, listen to their concerns and give them extra care and attention. Remember to listen to your children and re-assure them. For more details on supporting children during the pandemic click here.

    Research has shown that emergency services workers are twice as likely as the public to identify problems at work as the main cause of their mental health problems, but they are also significantly less likely to seek help. So during the pandemic it’s even more important to look after your own mental health when working on the frontline.

    Here are some tips:

    Think about your purpose: be clear about why you are doing this job

    Be clear on expectations: make sure you know what is expected of you and whether it is realistic.

    Keep your boundaries: establish clear boundaries between work and personal life, don’t take work home with you.

    Talk to colleagues: make time to talk to your colleagues about your experiences and share fears and concerns.

    Value your own family and relationships: While work is important, your family and relationships need to be valued.

    Exercise: regular exercise can boost your self-esteem, can help you concentrate, relax and increase your overall wellbeing.

    Get plenty of sleep: Sleep helps regulate the chemicals in our brain that transmit information. These chemicals are important in managing our moods and emotions and an imbalance in those chemicals can result in us becoming depressed or anxious. Read our sleep guide here.

    Eat well: A balanced diet that is good for your physical wellbeing is also good for your mental wellbeing. Your brain needs a mix of nutrients to stay healthy and function well.

    Avoid alcohol: The numbing effects of drinking are only temporary and can often lead to mental health issues. It’s advised that if you do drink, that you stay within the governing bodies recommended unit guidelines.

    Keep in touch: it’s good for you to catch up with friends and family face to face or over the phone

    Take a break: a change of scenery or pace is good for you

    Do something you’re good at: enjoying yourself can help beat stress

    Care for others: supporting others uplifts you as well as them

    Ask for help: If at times, life gets too much for you, it’s important that you speak to someone, this may be a family member or trusted friend, your GP or a professional organisation, see the list at the end of this guide for details.

    Making positive change is more important than ever, especially during uncertain times, but it’s difficult to know where to start. Do one thing today, whether it’s going for a walk, learning a new skill or doing something creative, taking the first steps to getting support for yourself, or reaching out to someone else, take the opportunity to do one thing this Mental Health Awareness week.

    Whatever you’ve been through this year, Mental Health Awareness Week is a chance to make a positive change for your mental health.

    5 steps you can take to improve your mental health

    Evidence suggest there are 5 steps you can take to improve your mental health and wellbeing. Trying these things could help you feel more positive and able to get the most out of life.

    1. Connect with other people – Good relationships are important for your mental wellbeing. This may be more difficult at the moment, but still try to connect with others by video call or on a social distanced walk.
    2. Be active – this is great for both your physical and mental wellbeing.
    3. Take notice – paying more attention to the present can improve your mental wellbeing. Click here to try mindfulness.
    4. Learn new skills – continued learning though life enhances self-esteem and encourages social interactions and a more active lifestyle.
    5. Give to others – research suggests that acts of giving and kindness and being part of community life can improve your mental wellbeing.

    For more details on the 5 steps to wellbeing click here.

    Where to get help:

    Police Mutual Services

    Our Care Line Service provided by Health Assured can offer advice and information, helping with a range of concerns including emotional support. To take a look at the e-portal or download the App.

    Health & Wellbeing e-portal

    https://healthassuredeap.co.uk

    Username: policemutual

    Password: careline

    Download the Health Assured App and register today using the code MHA107477.

    PayPlan

    We’ve teamed up with PayPlan, one of the UK’s leading free debt advice providers, who offer free and confidential advice to anyone in serious financial difficulties.

    They’re able to advise you on a range of debt solutions suited to your individual circumstances, helping to protect you and your family with a sustainable way to manage your debt.

    Get free and confidential help to combat your debt, call PayPlan on 0800 197 8433

    Want to learn more? Access our wellbeing hub here.

  • Stress Awareness

    Stress Awareness

    This article was published on Thu 01 Apr 2021. At the time of publishing, this article was true and accurate, however, over time this may have changed. Some links may no longer work. If you have any concerns about this please contact us

    We all know what it’s like to feel stressed – being under pressure is a normal part of life. But becoming overwhelmed by stress can lead to mental and physical health problems or make existing problems worse.

    Many people are more stressed now than ever due to the worry of the Coronavirus pandemic. Feeling stressed and worried is perfectly understandable as we are living through a situation that we have never faced before.

    We may be feeling more emotions than we did prior to the pandemic, which could include anxiety, irritability, sadness, confusion or anger. As we are hopefully coming out of lockdown in the next few months, you may also be feeling hopeful for the future but also apprehensive about back to normal. You may even have all of these rollercoaster of emotions in the same day. Remember this is perfectly normal, so try not to be too hard on yourself.

    It’s important to put measures in place to reduce any stress you are feeling and to take a moment to think about your own wellbeing and find our more on how to manage stress.

    Stress isn’t a mental health condition, but it can cause a mental health problem, like anxiety or depression or it can cause an existing one to get worse. Stress can also affect you physically, it can cause headaches, insomnia, tiredness or stomach problems.

    What you can do to help manage worries and stress

    There are various steps you can take to cope with being under pressure, remember, different things work for different people.

    • Write down your worries and concerns – this may help process your thoughts and emotions. You can then read the worries back and try to think of them from a different perspective.
    • Keep a daily routine – our overall wellbeing relies on our daily routines, these also help with sleeping & eating patterns. This is why it’s important to ensure you and your family have structure in your day. The routine can be simple everyday things like, getting up, going to bed and eating at the same times each day, listening to music, going for a daily walk. They can also include things to look forward to, like visiting a local attraction or café at the weekend.
    • Identify your triggers and take control – working out what triggers your stress can help you anticipate when you may feel stressed and what you could do about it in advance.
    • Organise your time – making some adjustments to the way you organise your time can help you feel more in control and able to handle the pressure you are feeling.
    • Keep active – exercise can help clear your head and then let you deal with your problems more calmly. Go outside to exercise, as fresh air and spending time in nature can really help.
    • Stay healthy – as well as exercise it’s important to maintain a healthy diet and ensure you are getting enough sleep.
    • Talk to other people – friends, family & colleagues can help support you through the stress you are feeling, you may even have a laugh and start to relax. You may also want to consider talking to a professional counsellor.
    • Do something you enjoy – spending time doing something you enjoy will take your mind off how you are feeling. Everyone needs to take time for themselves, it can be as simple as having a bath or reading a book.
    • Avoid unhealthy ways to cope – many people use alcohol, smoking, chocolate and gambling to try and relieve the stress they are feeling, none of these things will help in the long term, use healthy coping strategies like going for a run, listening to music or walking the dog.
    • Challenge yourself – learning new skills and setting yourself new goals will help build your confidence and make you feel good about yourself.
    • Help others – think of others in your local community, who may need help with small tasks, like shopping or volunteer to help a worthwhile cause, like litter picking or the local food bank. People who help others tend to be more resilient.
    • Keep informed – whilst it’s important to keep up to date with the latest news, it can be overwhelming, so in order to manage any feelings of stress and anxiety consider only checking the news and social media once a day. Ensure you stick to trustworthy sources for the latest information.
    • Keep positive – it’s very easy to focus on the negatives of any situation. But it’s important to stay positive. Think of all the things that are positive in your life and that you are grateful for, write down or say out loud 3 things that went well each day. Use these positive statements to create a positivity jar with your family.
    • Try Mindfulness – mindfulness can help reduce stress, it can also give you the space to respond calmly under pressure. For more details click here.
    • Address some of the causes – where possible improve some of the issues that are putting pressure on you.
    • Accept the things you can’t change – it’s not easy, but accepting that there are some things happening to you that you can’t do anything about will help you focus your time and energy elsewhere.

    Dealing with change is hard for everyone and can be extremely stressful, for more information on handling change and improving your resilience read our guide here.

    Useful links:

    Want to learn more? Access our wellbeing hub here.

  • World Health Day – 7 April 2021

    World Health Day – 7 April 2021

    This article was published on Thu 01 Apr 2021. At the time of publishing, this article was true and accurate, however, over time this may have changed. Some links may no longer work. If you have any concerns about this please contact us

    World Health Day is an awareness day organised by the World Health Organisation.  This year they have chosen the campaign ‘to build a fairer, healthier world.’ For more details click here.

    World Health Day is celebrated annually and each year draws attention to a specific health topic of concern to people all over the world. It is an ideal time to think about your own health and of those close to you.

    Your overall wellbeing is fundamental to how fulfilled you feel and comprises of all aspects of life, including, financial, social, emotional and physical wellbeing. Positive wellbeing improves your resilience and will help you overcome difficulties and life’s challenges.

    Physical Health

    Research shows that being sedentary is bad for your health, so ensure you keep active. Exercise helps both your physical and mental health, so it’s important to stay active.

    A few hours of gentle exercise a week will release endorphins that make you feel energised. This could be as simple as a walk, a run, a cycle ride, dancing or even some gardening. In simple terms exercising makes you feel good.

    For more details on looking after your physical health read our physical health guide here and our wellbeing & workout guide here.

    Nutrition

    Being overweight can cause various health concerns and according to Cancer Research UK, overweight and obesity is the 2nd biggest cause of cancer. Keeping a healthy weight reduces the risk of 13 different types of cancer. Diabetes and heart disease are also other conditions that you have a higher chance of developing if you are obese.

    It is therefore important to ensure you are eating a balanced diet. For more details, read our nutrition guide here.

    Sleep

    When you’re well rested, you think more clearly, feel better, and have more stamina and energy. But many people don’t get the 7-9 hours of sleep that doctors recommend. Lack of sleep, even for a few days, can leave you feeling irritable, frustrated, and forgetful. Regular poor sleep can put you at risk of serious medical conditions, including obesity, heart disease and diabetes and it may shorten your life expectancy.

    We spend about a third of our lives asleep. Sleep is essential, it is as important to our bodies as eating, drinking and breathing, and is vital for maintaining good mental and physical health. Sleeping helps us to recover from mental as well as physical exertion.

    For more details, read our sleep guide here

    Stress Awareness

    We all know what it’s like to feel stressed, being under pressure is a normal part of life. But becoming overwhelmed by stress can lead to mental and physical health problems or make existing problems worse.

    It’s important to put measures in place to reduce any stress you are feeling and to take a moment to think about your own wellbeing and find out more on how to manage stress. For more details, read our stress awareness guide here.

    Dealing with change is hard for everyone and can be extremely stressful, for more information on handling read our change and improving your resilience guide here.

    Mental Health

    It’s important that you take care of your mind as well as your body.

    Evidence suggest there are 5 steps you can take to improve your mental health and wellbeing. Trying these things could help you feel more positive and able to get the most out of life.

    1. Connect with other people – Good relationships are important for your mental wellbeing. This may be more difficult at the moment, but still try to connect with others by video call or on a social distanced walk.
    2. Be active – this is great for both your physical and mental wellbeing.
    3. Take notice – paying more attention to the present can improve your mental wellbeing. Click here to try mindfulness.
    4. Learn new skills – continued learning though life enhances self-esteem and encourages social interactions and a more active lifestyle.
    5. Give to others – research suggests that acts of giving and kindness and being part of community life can improve your mental wellbeing.

    For more details on the 5 steps to wellbeing click here.

    It’s as important to look after your mental health as it is your physical health. For more details, read our mental health guide here.

    Don’t be afraid to ask for help if your mental health is starting to deteriorate or you’re struggling to cope.

    Financial health

    Money worries are not just a financial problem they can cause relationships problems, people to lose homes and families to break down. People from all walks of life can end up in debt for many different reasons like divorce, redundancy, ill health or bereavement. It’s not always easy to talk about money worries but if you’re struggling financially it’s important to take action.

    For more details, read our debt awareness guide here.

    Financial problems is one of the biggest worries that can negatively affect your mental health. According to the Police Federation’s annual Pay & Morale survey results published in November 2019 around one in eight officers were seeking financial support to cover living costs.

    It’s important to start talking about money worries before your situation gets worse. Talking about money will give you the confidence to get help and find out who can best advise you on any problems.

    It can give you a great sense of relief to share your problems, so you’re not facing them alone. It’s important to seek professional advice as soon as possible and not wait until it’s more difficult to find a solution.

    We’ve teamed up with PayPlan*, one of the UK’s leading free debt advice providers, who offer free and confidential advice to anyone in serious financial difficulties. They’re able to advise you on a range of debt solutions suited to your individual circumstances, helping to protect you and your family with a sustainable way to manage your debt. Get free and confidential help to combat your debt, call PayPlan* on 0800 197 8433.


    *PayPlan is a trading name of Totemic Limited. Totemic Limited is a limited company registered in England, Company Number: 2789854. Registered Office: Kempton House, Dysart Road, PO Box 9562, Grantham, NG31 0EA. Totemic Limited is authorised and regulated by the Financial Conduct Authority. Financial Conduct Authority Number: 681263.

    Want to learn more? Access our wellbeing hub here.

  • Debt Awareness Week 2021

    Debt Awareness Week 2021

    This article was published on Thu 25 Mar 2021. At the time of publishing, this article was true and accurate, however, over time this may have changed. Some links may no longer work. If you have any concerns about this please contact us

    Money worries are not just a financial problem they can cause relationships problems, people to lose homes and families to break down. People from all walks of life can end up in debt for many different reasons, divorce, redundancy, ill health, bereavement. It’s not always easy to talk about money worries but if you’re struggling financially it’s important to take action and this debt awareness week is an ideal time to do this.

    Debt awareness week was first launched in 2014 by the debt advice charity StepChange.  If you’re worrying about money there are things that you can do to get your finances back on track.

    For help on how to spend less click here to read our guide.


    Below are some tips on how to improve your financial wellbeing:

    • Take stock – where do you owe money and what are the interest rates.
    • Work out your budget – what money do you have coming in, what do you need to pay for and what’s left for paying off debt. Use our budget calculator here to help you manage your money. Set yourself a daily spend limit based on how much disposable cash you have each month.
    • If you’re looking to make savings – check that you’re not overpaying for your bills and utilities, where can you make savings, for more information use the link here.
    • Set up a separate bill account – transfer an amount each month to cover the cost of all your household bills. This will give you greater control over your finances and ensure you do not make late payments.
    • Set yourself saving goals – saving regularly could provide you with a financial buffer for any unexpected bills or be used to save for short term purchases or long term aspirations.
    • Check your bank balance – regularly, so there are no nasty surprises. Consider using an app so you can see all your accounts in one place.
    • Switch your current account – banks will often pay you to switch accounts use the link here for more information. Check the benefits of your current account before switching accounts.
    • Could you save money by switching your insurer? – why not see if Police Mutual could save you money on Car insurance here or Home insurance here.
    • Check your credit score – using one of the various companies available online including, Experian, Equifax or CallCredit. For more details on the impact of your credit profile click here to read our guide.

    Understanding your debts and how much you’re paying back is important. No debt problems are unsolvable and the earlier you deal with them the easier they are to deal with.

    Be aware of how you spend your money. Stick to the golden rule of borrowing: don’t go into debt for something that will last for less time than the amount borrowed takes to pay back.


    Do I have a debt problem?

    • I find myself using my credit card for essential purchases, like food and bills and the card balance is not cleared at the end of the month
    • I’m constantly worried about managing my money
    • I’m behind on my mortgage and can’t catch back up
    • I am struggling to manage even the minimum payments on my credit card
    • I’m being contacted about unpaid bills or missed payments
    • I’m relying on quick fix short-term loans
    • I’m borrowing from friends or family


    Impact of debt on your mental health

    Worrying about money can negatively affect your mental health and for those people experiencing mental health problems it makes it harder to manage their finances.  According to the Money and Health Police institute report ‘a silent killer’ problem debt can also be linked to suicide.

    According to the Police Federation’s annual Pay & Morale survey results published in November 2020 around a third of respondents worried about the state of their personal finances either every day or almost every day.

    It’s important to start talking about money worries before your situation gets worse. Talking about money will give you the confidence to get help and find out who can best advise you on any problems.  It can give you a great sense of relief to share your problems, so you’re not facing them alone. It’s important to seek professional advice as soon as possible and not wait until it’s more difficult to find a solution.


    Getting help

    If you would like to talk to someone about debt, the following organisations are there for you:

    We’ve teamed up with PayPlan, one of the UK’s leading free debt advice providers, who offer free and confidential advice to anyone in serious financial difficulties.

    They’re able to advise you on a range of debt solutions suited to your individual circumstances, helping to protect you and your family with a sustainable way to manage your debt.

    Get free and confidential help to combat your debt, call PayPlan on 0800 197 8433.  If you don’t want to talk on the phone, it is also possible to email them.

    StepChange is a debt advice charity providing full debt help service across the UK.  Online support is also available.

    Citizens Advice provide a full debt and consumer advice service, many bureaux have specialist caseworks to deal with any type of debt.

    National Debtline is a charity that provides free and independent debt advice. It also has resources to help people deal with their debts. Advice is available over the phone, online and via webchat.

    Want to learn more? Access our wellbeing hub here.

  • International Day of Happiness 2021

    International Day of Happiness 2021

    This article was published on Fri 05 Mar 2021. At the time of publishing, this article was true and accurate, however, over time this may have changed. Some links may no longer work. If you have any concerns about this please contact us

    Recognising the pursuit of happiness as a fundamental human goal

    March 20 is the International Day of Happiness and this year’s theme is Keep Calm. Stay Wise. Be Kind, focusing on finding positive ways to look after ourselves and each other. Since 2012 this day’s aim is ‘To promote happiness as a universal goal and aspiration in the lives of human beings around the world’.

    We all want to lead a happy life and want the people we love to be happy too. But as a society we are not giving this enough priority. Our actions and choices can affect our happiness. What makes us happy has less to do with our money or possessions and more to do with our attitudes and relationships with other people. 

    According to Action for Happiness there are 10 key areas in which we can take practical action to boost our happiness and to help prevent depression and anxiety.

    GREAT DREAM – 10 keys to happier living

    • Giving– Do kind things for others
    • Relating – Connect with other people
    • Exercising – Take care of your body
    • Awareness – Live Life mindfully
    • Trying out – keep learning new things
    • Direction – Have goals to look forward to
    • Resilience – Find ways to bounce back
    • Emotion – Look for what’s good
    • Acceptance – Be comfortable with who you are
    • Meaning – Be part of something bigger 

    Take the Action for Happiness Pledge

    “I will try to create more happiness and less unhappiness in the world around me”

    What to do if you aren’t happy

    • Find 3 good thing each day
    • Thank the people you’re grateful for
    • Look for the good in those around you
    • Bring mindfulness into your day
    • Find your strengths and focus on them
    • Get help if you’re struggling

    Police Mutual Products & Services

    If you are struggling to be happy because of money worries, Police Mutual are here to help. We want to break down the stigma surrounding debt and get people talking about money.

    We’ve teamed up with PayPlan, one of the UK’s leading free debt advice providers, who offer free and confidential advice to anyone in serious financial difficulties.

    They’re able to advise you on a range of debt solutions suited to your individual circumstances, helping to protect you and your family with a sustainable way to manage your debt.

    Get free and confidential help to combat your debt, call PayPlan on 0800 197 8433.  If you don’t want to talk on the phone contact them using their online form. www.payplan.com

    Want to learn more? Access our wellbeing hub here.

  • Choose to challenge on International Women’s Day 2021

    Choose to challenge on International Women’s Day 2021

    This article was published on Tue 02 Mar 2021. At the time of publishing, this article was true and accurate, however, over time this may have changed. Some links may no longer work. If you have any concerns about this please contact us

    Marked every year on March 8th, International Women’s Day (IWD) is the day the world takes a moment to celebrate the achievements of women and make a stand for women’s equality.

    Each year has a theme and the theme for 2021 is #ChooseToChallenge. The idea is that we are all responsible for our own thoughts and actions. So, as a collective we can choose to challenge and stand against gender inequality. By taking this stand, we can work together to create a fairer and more inclusive world to live in.

    There’s an online campaign inviting people to share a photo of themselves raising a hand. It symbolises the person’s commitment to challenge inequality, call out gender bias and help create a better world.

    You can participate by sharing your selfie on your own social media feed, using the hashtag #ChooseToChange.

    Over 100 years of female Police Officers

    Did you know it’s been over 100 years since the first woman Police Officer joined the Metropolitan Police? She took to the streets of London in 1919. It didn’t exactly open the floodgates, however. It took another four years until female Police Officers were allowed to make arrests. What’s more, it wasn’t until sixty-three years later, in 1986, that female officers were permitted to carry truncheons with which they could defend themselves while on duty!

    Times have changed, thankfully. A 2019[1] survey reported that there are over 37,000 female officers in the UK Police Force. And of course, in 2017 Dame Cressida Dick became the first woman to take charge of the Metropolitan Police as Commissioner.

    Police Mutual sponsors the British Association for Women in Policing (BAWP). BAWP exist to empower the strong, hardworking women of the Police. The organisation’s mission is to continue to ensure that women’s voices in policing are both heard and understood.

    You can find out more about BAWP here.

    You can learn more about International Women’s Day here.


    [1] https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/831726/police-workforce-mar19-hosb1119.pdf

    Want to learn more? Access our wellbeing hub here.

  • Time to Talk Day 2021

    Time to Talk Day 2021

    This article was published on Thur 28 Jan 2021. At the time of publishing, this article was true and accurate, however, over time this may have changed. Some links may no longer work. If you have any concerns about this please contact us

    You can download this guide as a PDF

    Time to Talk Day is the day to get us all talking about mental health. This years’ time to talk day on 4 February may be different, but during the pandemic talking about mental health is more important than ever.

    The more conversations we have about mental health the more barriers we can break down and the closer we’ll come to ending mental health stigma and discrimination.

    This year’s focus of time to talk day is the power of small, because however you have a conversation about mental health, whether it’s a quick message to a colleague, a virtual cuppa, or a socially distanced walk and talk, it has the power to make a big difference.

    A small conversation about mental health has the power to make a big difference.

    Mental health problems affect one in four of us, yet many people can feel isolated, ashamed and worthless because of this. Time to Talk Day encourages everyone to be more open about mental health, to talk, to listen, to improve lives. Every conversation brings us a step closer to ending the feelings that too many of us experience. Poor mental health can affect anyone, of any age, gender or background.

    Starting a conversation with someone around their or your own mental health can feel uncomfortable. You may be worried that you will say the wrong thing but remember saying nothing is far worse. You may have concerns about how others are coping with the current situation.

    Here are some tips on helping others:

    • Ask others how they are feeling.
    • Ask someone twice how they are feeling, this will give them the opportunity to be honest and to realise that you genuinely want to know.
    • Listen and don’t judge, it’s great that people are happy to talk to you about how they are feeling, so ensure you really listen to them.
    • Ask how long they have felt this way.
    • Ask if there is anything you can do to help.
    • Ask what support they need. Provide them with details of professional organisations, who may be able to help.
    • Treat them in the same way, don’t change the way you act towards someone once you are aware of their poor mental health.
    • Little gestures can have a big impact, this may be just having a virtual cuppa or watching a film together.

    With the majority of children not currently going to school, they may be missing their friends and struggling with home schooling. Like adults, children will respond to this situation in different ways, such as being more clingy, anxious, withdrawn or angry. Try to respond to your child’s reactions in a supportive way, listen to their concerns and give them extra care and attention. Remember to listen to your children and re-assure them. For more details on supporting children during the pandemic click here.

    Time to Talk day isn’t just about helping others, it’s also about thinking about your own wellbeing.

    Research has shown that emergency services workers are twice as likely as the public to identify problems at work as the main cause of their mental health problems, but they are also significantly less likely to seek help. So during the pandemic it’s even more important to look after your own mental health when working on the frontline.

    Here are some tips on helping yourself:

    • Think about your purpose: be clear about why you are doing this job.
    • Be clear on expectations: make sure you know what is expected of you and whether it is realistic.
    • Keep your boundaries: establish clear boundaries between work and personal life, don’t take work home with you.
    • Talk to colleagues: make time to talk to your colleagues about your experiences and share fears and concerns.
    • Value your own family and relationships: while work is important, your family and relationships need to be valued.
    • Keep active: regular exercise can boost your self-esteem, can help you concentrate, relax and increase your overall wellbeing. This can be as simple as a regular walk, being outside in nature can also help improve your mental health.
    • Get plenty of sleep: sleep helps regulate the chemicals in our brain that transmit information. These chemicals are important in managing our moods and emotions and an imbalance in those chemicals can result in us becoming depressed or anxious. Read our sleep guide here.
    • Eat well: nutrition is now more important than ever, having a balanced diet helps to ensure we have the correct nutrients.
    • Avoid alcohol: The numbing effects of drinking are only temporary and can often lead to mental health issues. Alcohol can also damage the immune system. Try to adopt positive coping strategies such as talking, going for a walk or listening to music instead.  If you do drink, try to stay within the recommended unit guidelines.
    • Keep in touch: it’s good for you to catch up with friends and family on a video call or over the phone.
    • Take a break: a change of scenery or pace is good for you. Make sure you take time to relax and re-charge.
    • Do something you’re good at: doing something you enjoy and you are good at can give you the ‘feel good’ boost that everyone needs. Enjoying yourself can help beat stress.
    • Care for others: supporting others uplifts you as well as them.
    • Ask for help: sometimes you need help from others, so don’t be afraid to ask for help, from a family member or friend, your GP or a professional organisation, see the list at the end of this guide for more details.
    • Get the best out of the ‘new normal’: it may be hard but we all still need to live in the best way we can during these unusual times. This may be creating your own routine of things you enjoy doing, running, cycling, binging on Netflix, helping others in the community or learning a new skill, it doesn’t really matter what it is as long as you feel like you are achieving something and spending time looking after your own physical and mental wellbeing.

    For more information on looking after your mental health during the pandemic click here to access our guide.

    Mental health conversations have the power to make a big difference, but sometimes these conversations can bring up some difficult things that people may not have spoken about before. This might mean that they need some support. If you feel a loved one, colleague or yourself need additional support, contact a GP, a counselling professional or one of the organisations listed below:

    Financial problems is one of the biggest worries that can negatively affect your mental health. According to the Police Federation’s annual Pay & Morale survey results published in November 2019 around one in eight officers were seeking financial support to cover living costs.

    It’s important to start talking about money worries before your situation gets worse. Talking about money will give you the confidence to get help and find out who can best advise you on any problems. It can give you a great sense of relief to share your problems, so you’re not facing them alone. It’s important to seek professional advice as soon as possible and not wait until it’s more difficult to find a solution.

    We’ve teamed up with PayPlan, one of the UK’s leading free debt advice providers, who offer free and confidential advice to anyone in serious financial difficulties.

    They’re able to advise you on a range of debt solutions suited to your individual circumstances, helping to protect you and your family with a sustainable way to manage your debt.

    Get free and confidential help to combat your debt, call PayPlan on 0800 197 8433

    Police Mutual Care Line Service

    Police Mutual Care Line Service provided by Health Assured can offer advice and information, helping with a range of concerns including emotional support.

    Want to learn more? Access our wellbeing hub here.