Did you know?
With effect from 3 April 2017, Employment Support Allowance (ESA) has decreased to just £73.10 per week!
The details below provides you with a breakdown of how the benefit change can potentially affect your clients if they were off work and were dependent on ESA alone.
The average salary in the UK is £28,200* that’s £429.68* per week after Tax and National Insurance. With just £73.10** per week in benefits your clients would fall short by £356.58 a week or £1,545.18 per month!
For most people, State Benefits simply aren’t sufficient to keep them financially afloat when illness or injury strikes. Income protection from Cirencester Friendly can ensure your clients have a regular ‘pay cheque’ while they concentrate on getting better.
Take this opportunity to inform your clients of the changes and also check they have adequate financial safeguards in place should they be unable to earn a living due to illness or injury.
For sales tips and product support speak to our Dedicated Adviser Support Team on 0800 587 5098 or visit our Website.
* Office for National Statistics: “Annual Survey of Hours and Earnings 2016” average annual income is £28,200 based on current Tax and NI payments for illustration purposes only
** Department for Work & Pensions: www.direct.gov.uk April 2017.
