Covid-19: Welsh NHS app users can apply for £500 payment to self-isolate

Welsh users of the NHS Covid-19 app will be eligible to apply for a £500 payment if asked to self-isolate via the app. Here’s everything you need to know.

The content of this article was relevant at the time of publishing. Circumstances change continuously and caution should therefore be exercised when relying upon any content contained within this article.

New normal sign on desk

Image source: Getty Images

When investing, your capital is at risk. The value of your investments can go down as well as up and you may get back less than you put in.

Read More

The content of this article is provided for information purposes only and is not intended to be, nor does it constitute, any form of personal advice. Investments in a currency other than sterling are exposed to currency exchange risk. Currency exchange rates are constantly changing, which may affect the value of the investment in sterling terms. You could lose money in sterling even if the stock price rises in the currency of origin. Stocks listed on overseas exchanges may be subject to additional dealing and exchange rate charges, and may have other tax implications, and may not provide the same, or any, regulatory protection as in the UK.

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More.

People in Wales who have been asked to self-isolate via the NHS Covid-19 app will now be able to apply for a £500 support payment, the government has announced.

Here’s everything you need to know about this new government incentive that’s aimed at reducing the spread of the coronavirus.

New Covid-19 payment in Wales for NHS app users

The NHS Covid-19 app instructs users to self-isolate if it detects that they were near someone who has the virus.

Previously, only people asked to self-isolate via Test, Trace, Protect or parents whose children had been asked to self-isolate by their school could claim the payment. 

But going forward, app users will also be eligible for the £500 payment if they are:

  • Notified of their potential exposure to the virus
  • On low income
  • At risk of financial hardship  

Welsh Minister for Housing and Local Government, Julie James, explained that this means that people who have might have been exposed to the virus won’t have to choose between feeding their families or going to work and potentially spreading the virus.

The Minister has vowed to keep the scheme under review to make sure that those in need get the support they require to self-isolate and reduce transmission.

Who is eligible for the £500 covid payment?

To be eligible to apply, you need to meet the criteria of the Self-Isolation Support Scheme and be:

  • Employed or self-employed
  • Unable to work from home and in a position to lose income as a result
  • Currently receiving at least one the following: Universal Credit, Working Tax Credit, income-based Employment and Support Allowance, income-based Jobseeker’s Allowance, Income Support, Housing Benefit and/or Pension Credit, or
  • Have your application accepted under the discretionary element of the Self-Isolation Support Scheme

How can I apply?

You can apply for the £500 covid payment by contacting your local authority.

However, the government says that until the app is updated to verify those who have been asked to self-isolate, you will need to show evidence that the app asked you to self-isolate in addition to evidence of reduced income when applying.

Local authorities will start accepting and processing applications for the covid payment from Friday 5 February.

More information and support

More information about the Self-Isolation Support Scheme in Wales can be found on the gov.wales website.

The government has also created a new service to help you find out about any other support you can access if you have been affected by coronavirus, so check it out too.

Bracing yourself financially 

The coronavirus pandemic continues to show little sign of relenting. No one truly knows when things will go back to normal. Now could therefore be a good time to take action to brace yourself financially for whatever lies ahead.

A few things you could do include:

  • Making a budget to help you take stock of your spending and find ways to save money
  • Starting an emergency fund to cater for unexpected expenses in the future
  • Looking for ways of making extra cash, for example, through a side hustle
  • Growing any savings you might have through a proper investment vehicle like a stocks and shares ISA
  • Overhauling your credit by, for example, transferring all of your credit card debt to a balance transfer card with a long 0% interest period

Understandably, these actions might not ease all of your financial worries. But they can still go a long way toward helping you be as prepared as possible for an uncertain future.

Should you invest, the value of your investment may rise or fall and your capital is at risk. Before investing, your individual circumstances should be assessed. Consider taking independent financial advice.

More on Personal Finance

Note paper with question mark on orange background
Personal Finance

Should you invest your ISA in a model portfolio?

Which model ISA portfolios offer both high performance and low fees? Hargreaves Lansdown, Interactive Investor and AJ Bell go under…

Read more »

Economic Uncertainty Ahead Sign With Stormy Background
Personal Finance

Is it time to exit emerging markets investments?

Investors may well be sitting on losses from emerging markets funds. Is it worth keeping the faith for a sustained…

Read more »

Personal Finance

Share trading? Three shares with turnaround potential

Share trading has been difficult in 2022, but which companies have turnaround potential? Jo Groves takes a closer look at…

Read more »

Man using credit card and smartphone for purchasing goods online.
Personal Finance

Revealed! Why Gen Z may be the savviest generation when it comes to credit cards

New research reveals that Gen Z may be the most astute when it comes to credit cards. But why? And…

Read more »

Environmental technology concept.
Personal Finance

The 10 best-performing sectors for ISA investors

The best-performing sectors over the past year invested in real assets such as infrastructure, but is this trend set to…

Read more »

Road sign warning of a risk ahead
Personal Finance

Recession risk ‘on the rise’: is it time for investors to worry?

A major global bank has suggested the risk of a recession in the UK is 'on the rise'. So, should…

Read more »

pensive bearded business man sitting on chair looking out of the window
Personal Finance

1 in 4 cutting back on investments amid cost of living crisis

New research shows one in four investors have cut back on their investing contributions to cope with the rising cost…

Read more »

Image of person checking their shares portfolio on mobile phone and computer
Personal Finance

The 10 most popular stocks among UK investors so far this year

As the new tax year kicks off, here's a look at some of the most popular stocks among UK investors…

Read more »