MyPAYE has partnered with Borofree – the ethical salary advance solution.
Borofree is committed to supporting the UK’s workforce’s financial well-being, affecting employers’ productivity positively.
It’s a salary advance solution capped at £300 with 0% interest, £0 fees and £0 cost to both employees and employers.
Borofree Salary Advance Solution – improving your workforce’s financial wellbeing
Financial stress affects your business. Did you know that:
- 94% of the UK workforce is stressed about money
- 77% admit that it impacts their performance at work
- £51B economic loss due to lost productivity from financially stressed employees
Borofree can help improve your productivity by providing your employees access to a salary advance solution that’s capped at £300 with 0% interest, £0 fees and £0 cost. Moreover, there’s no tech integration and £0 cost to you as an employer.
Borofree works with a wide range of online and high-street retailers to provide salary advances through digital gift cards. These gift cards can be redeemed at over 50+ retailers such as Tesco, Primark and Amazon for your essential needs.
Borofree is a new way to access your salary earlier, with absolutely 0% interest, £0 fees and £0 cost.
Borofree partners with your employer to give you access to up to £300 salary advance each month, to spend at 50+ retailers, including Tesco, Primark and Amazon.
Balancing your household finances can change month by month, and sometimes, having early access to your salary can help. With the Borofree mobile app, you can advance between £50 – £300 a month, depending on how much you earn and how often you get paid, and you’ll only ever repay exactly what you’ve advanced.
How it works
By using the Borofree app, you can browse and select gift cards from 50+ retailers and spend up to your monthly limit. You can use your digital gift cards in-store or online to purchase your needs and track your spending as you go.
You are in control of how much you advance, and you’ll only ever pay back what you use.
There’s no long-winded registration process. Once your employer has signed up to borofree, you can simply download the Borofree mobile app and get started by entering the unique code provided by your employer.