We are delighted that all fishermen and fisherwomen, workers in fish processors and fishmongers throughout the UK are now eligible to join us and access all the benefits our membership has to offer.
In 2021 we partnered with The Seafarers Charity, who’s ‘Fishing Without a Safety Net’ research shone a light on the need for better financial products and support for fishing families.
With this in mind and driven by the belief that the fishing community deserves access to ethical, flexible and trusted financial support, we have created a range of products specifically designed to suit your needs, including:
-
A Stormy Reserve Fund– a savings account in which money can be set aside and accessed immediately at times when you are unable to earn an income from fishing.
-
A HMRC Budget & Bill Payment account– this savings account enables regular amounts to be set aside to pay your annual tax and National Insurance bill. At the end of the financial year, we can transfer the amount saved directly to HMRC for you.
-
A special loan scheme to support access to UK Government grants especially from the Marine Management Orginisation that require an up-front capital contribution.
Thanks to our work with The Seafarers’ Charity, so far we have provided over £1.2million in loans to help more than 65 fishing individuals access financial support - including match funding for Fishing and Seafood Scheme government grants.
We also offer a free Bereavement Fund that writes off any outstanding debt with us should the worst happen. The Bereavement Fund can make a payment to a nominated beneficiary ranging from £500 to £5,000, dependent on your average savings balance over the 12 months prior to death. For those who do not have life assurance, this free benefit is not subject to probate so can be quickly arranged to support your loved ones when they need it most.
Start your journey to financial security and wellbeing today -> click here.