Smart Payroll Savers - Employers

Support your team's financial wellbeing

A simple benefit that makes a real difference to your team

Money worries follow people into work. Smart Payroll Savers helps your employees save regularly and borrow affordably, with payments taken straight from their pay. For you, it means no extra admin.

Why employers choose us

  • Recruitment and retention: a valued benefit that shows you care about your people
  • Greater resilience: people who save regularly cope better with unexpected costs
  • Less stress: fewer money worries can mean less absence and better focus
  • Community impact: a practical way to support your workforce and your community
  • Local and trusted: a Welsh community credit union, regulated by the FCA and PRA

How it works

  1. Get in touch, and we'll talk you through the scheme.
  2. Agree a start date and how payroll information will be shared with us.
  3. We take care of the rest, including onboarding and support for your staff.

Employer FAQ

What will it cost us?

There's no cost to employers. Employees pay no joining fee.

How much admin is involved?

Minimal. You deduct the agreed amount from pay each month and send it to us.

What if someone leaves the company?

We'll work with them to move their payments to a direct debit so they can stay a member.

Are we encouraging people to borrow?

No. Our focus is on helping people save first, so they can build a cushion over time. If someone does need to borrow, we offer an affordable alternative to high-cost credit.

Is there any risk for us?

All services are provided directly by Smart Money Cymru, which is regulated by the FCA and PRA.

Get in touch

Call us on 02920 883751 or email info@smartmoneycymru.co.uk, or complete the Contact Us form and we'll come back to you.

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