Level Employee Benefits
Welcome to Level.mp4 from Level Financial Technology on Vimeo.
Thank you for your interest in Level’s employee benefits.
Here you will find some more details on what is available to you as a staff member at Portland.
If you are interested in signing up to Level and it’s benefits, please contact Payroll on anaionita@portland.ac.uk and payroll@portland.ac.uk
On-demand Pay
This means that you can access a portion of your earned but unpaid salary anytime you need, not just on payday. No debt. No interest. Just your hard-earned income whenever you want. During this cost of living crisis, this gives everyone more control over their money, makes budgeting easier and gets rid of the need for short-term debt.
There is a cost of £2 for every withdrawal you make.
Withdrawals can only be made from earned wages after the 21st of the month. From that date, the app will be closed for withdrawals until the beginning of the news month when wages start to be earned for the net period.
Here are some more Frequently Asked Questions on On-demand pay.
Please note, that your bank details logged in MyHR will be replaced with the allocated Level bank details when you join the scheme.
Payroll Savings
This means that you can save directly from your pay before it reaches your bank account, helping you to save more and often. You will benefit from interest rates up to 3x higher than high-street banks without any hassle for you.
Here are some more Frequently Asked Questions on Payroll Savings.
Income base budgeting
Income-based budgeting allows you to bring your spending and income data together, unlocking powerful budgeting tools. You can link the Level app with your bank account quickly and easily to access the tools.
The app crunches the numbers on your upcoming expenses, the date of payday and real-time bank balances to provide the exact daily amount you have left to spend to meet your financial goals.