Financial Wellbeing webinar – 14 March
MoneyHelper will deliver this financial wellbeing workshop to support staff with cost of living challenges. For details and registration, visit the Wellbeing news and events page.
The University recognises that there will be occasions when staff experience financial difficulty. Support may be available to you, whether you are facing a relatively small, discrete issue with your finances, or a major challenge to do with complex personal or domestic circumstances.
Who can apply?
The Staff Financial Support Fund is open to:
- University employees;
- retired University employees;
- the dependants of University employees who have died in service; and
- the dependants of retired University employees who have died.
University employees are those on University contracts of employment, where the employer is identified as the 'Chancellor, Master and Scholars of the University of Oxford'.
The Fund is not currently open to casual staff, TSS workers, or college-only employees.
How will I be assessed?
The Fund is offered to assist those facing unexpected pressures, where the applicant is (or is at risk of) finding themselves with unmanageable debt and/or severe financial difficulty and where support is not available elsewhere.
Reasons for an award may include:
- Cost of living, particularly due to current high levels of inflation (eg an increase in essential outgoings);
- One-off unexpected essential expenses (eg boiler breakdown or bereavement costs);
- Unexpected reduction in household income (eg job loss or illness of a household member);
- Change in personal circumstances (eg relationship breakdown, loss of accommodation)
This is not an exhaustive list; however, applications should clearly demonstrate the necessity for financial assistance. Grants or loans will not be awarded where financial difficulty cannot be demonstrated.
What can I expect, if my application is successful?
Successful applicants will either receive a grant, or an interest-free loan. Loans from the fund are interest-free and are recovered from your salary in equal instalments. The repayment period is usually twelve months.
If your application is successful, you may receive the full amount that you requested, or a lower amount. Where a grant is requested, the board has discretion to meet all or part of the request with the offer of a loan instead.
How do I apply?
Please ensure you have read the guidance to applicants before applying.
Current University staff members
University employees should complete the Staff Financial Support Fund application form. Your application is confidential and you do not need to go through your line manager.
Evidence of monthly expenditure and household income is not required. However, you should clearly set out the nature of the issue, including all relevant information in your application. Please attach any supporting documents (such as quotes for repair work, etc) to your application.
Decisions will be made by the Board of Management based on the information provided. Please note that applications will take a few weeks to process.
Retired University employees
Please contact Julia Powles, Pensioner Welfare Officer at firstname.lastname@example.org, or by calling 01865 616203. Please note that applications will take a few weeks to process.
Please contact the HR Liaison Officer at email@example.com for advice on next steps.
Financial advice and support
The Fund cannot provide emergency support and will not be able to meet all requests. All applicants are offered access to the University’s financial advice service via the Health Assured Employee Assistance Programme. In addition, all members of staff are encouraged to consider seeking financial help from alternative professional or debt advice charities. Please refer to the 'Useful links' shared on the right-hand menu.