My Wallet is a points based rewards scheme where workers earn points every time they are paid. Points can be redeemed for benefits they want, be it CPD learning, rebates on shopping or even cash. Along with a weekly contribution into a loyalty fund, paid out as a bonus in December, contractors also receive discounts and savings on fitness, family activities and holidays. The Anytime Wages service gives individuals an opportunity to have some of their wages before pay day. Available 24 hours a day, 7 days a week, funds are typically paid within the hour.
Health and wellbeing is high on the workplace agenda and we agree that improving both has huge benefits for individuals and the workplace in general.
In this section we have a range of benefits to improve health and wellbeing. There are direct discounts and savings on experience days, nutrition, coaching and development, days out and even tropical holidays.
There’s also a 25% discount on a range of keep fit plans including boxing and yoga workouts, accessible on any device and available in nice bitesize chunks to fit a busy lifestyle.
Just added is a free will service enabling contractors to create their own will, completely free of charge. More than two thirds of adults in the UK do not have a will. Now they can through My Wallet benefits.
Fitness plans through Boxx can be purchased with Reward Points
Each time a worker is paid they receive 100 Reward Points. Once they’ve accumulated 2000 points we’ll happily swap them for £££s in their pay. Points can be used for additional My Wallet benefits.
We offer opportunities throughout the year to earn extra points to help contractors boost their total.
One of the most popular benefits is the Anytime Wages service. This service gives workers access to wages early should they need funds before their normal pay day.
Anytime Wages is accessed via the online portal any time of day or night, 7 days a week. The process is simple, as the system guides contractors through and will confirm how much can be advanced. Once accepted funds will be deposited within 1 hour.
Reward Points can be used to get an Anytime Wage advance.
We know that sometimes it can be difficult to secure the right mortgage when contracting. A lot of high street lenders don’t fully understand the contracting market.
By subscribing to My Wallet benefits contractors have access to a free consultation and advice from contractor mortgage specialists, CMME, who will help guide them to find the right mortgage.
Another very popular benefit is the learning & development platform provided in conjunction with Qintil and Bookboon. The Qintil learning platform holds hundreds of CPD courses in a wide range of sectors and includes a great range of personal development courses too. There’s even a range of completely free compliance courses to get started. All prior and new learning can be saved on the platform and shared with existing and potential new employers.
As a part of the platform subscribers have access to over 700 professional eBooks from the world’s largest publisher of business & soft-skills eBooks for professionals, Bookboon. All books are written by leading experts and peer reviewed by top learning institutions. With an average reading time of no more than 2 hours, these short & effective eBooks are perfect for busy professional’s on-the-go.
CPD courses and eBooks can be purchased with My Wallet Reward Points.
Contractors can use My Wallet Reward Points to order a Pure Card and start earning money back on high street purchases. The Pure Card offers rebates of up to 15% in over 70 high street retailers. Top up on the go by instantly adding funds to the card via text, online or the MyPureCard app, receive automatic rebates that are loaded onto the card the month after spending. A great way to put extra pounds in the pocket each month, to save up for bigger items or even as a budgeting tool.
The loyalty club offers a financial incentive to keep being paid. Each time contractors are paid, a cash bonus is added to their Loyalty Club pot. Loyalty payments are made in December each year and for qualifying contractors we’ll also add a Christmas bonus before paying the balance.
Last year we paid out over £40,000 in loyalty bonuses to our contractors!
When a contractor signs up for payroll services they’ll automatically get access to the full range of My Wallet benefits and will start earning Reward Points. Access is nice and simple via a contractor’s online portal, where they’d go to view their payslips each week.
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