Free financial advice – your options

There are many options available for getting free financial help and advice, but it pays to know exactly when an advice service is getting financial incentives for making referrals or recommendations.

Sources of free financial advice

You can get free financial advice from:

  • charities
  • government-led or government-backed services – including the Money Advice Service
  • commercial organisations like comparison websites or magazines

While these services all offer reliable sources of information and advice and will talk to you about different options, bear in mind that if you buy financial products based on information you receive from them, you alone are responsible for the decisions you make. You will also have fewer rights if the product turns out to be unsuitable.

If you don’t understand a financial product or aren’t sure whether it is right for your circumstances it’s best to get professional financial advice. See our later section When does it make sense to use a financial adviser?

The following organisations offer free help and legal advice on a range of money issues including tax, benefits, appeals, credit and debt, housing and buying financial products. We’ve grouped them into broad categories to help you pick out the most relevant for your needs.

Sources of general money advice

Here at the Money Advice Service, we provide free and unbiased money advice. Our service is available online, over the telephone and face to face and is backed by government. Below is a list of other good sources:

Other sources

Advice services aimed at over 50s

Free debt advice

The following organisations offer free, impartial support and advice to anyone in debt, worried about debt or facing bankruptcy.

Find out more in our guide:

Free pensions advice

The Pensions Advisory Service offers free information, advice and guidance on state, workplace, personal and stakeholder schemes.

Free tax advice

Bankruptcy and redundancy pay problems

For information about bankruptcy or how to get redundancy if your employer can’t or won’t pay contact the Insolvency Service.

When does it make sense to use a financial adviser?

Whether and when it makes sense to use a financial adviser depends on how complicated your finances are and what type of product you’re looking for. If you’re just looking for a basic savings product you don’t need advice. If it's something more complicated like a pension or investments, you might need help. If you're unsure ask for help. Read our guide below to find out more.