PG Mutual Income Protection Plus



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We understand that to qualify as an Accountant takes years of dedication and study, so why risk that hard work by exposing the lifestyle you have worked so hard to achieve?

Do you know what your sick pay entitlements are if you were off work with an injury or illness?  If you’re employed, we advise that you check this with your employer or HR department.  If you’re self-employed it’s more straightforward; you either provide cover for yourself or rely on the state to provide limited support in the form of Employment and Support Allowance (if you complete the paperwork and qualify).  You could be left financially exposed and could have a major impact on the current lifestyle of you and your family.

PG Mutual, income protection specialists, provide members of The Association of International Accountants with a tailored plan designed to help bridge the gap between normal income levels and those that the state would provide if you were unable to work due to illness or injury – after all, when we fall ill our financial commitments do not go on hold.

Highlights of the policy include:

  • A supplement to state sickness benefits
  • Option to tailor cover to suit your individual needs
  • No waiting period – cover starts as soon as your first contribution is paid
  • No penalty for making a claim and no limit to the number of claims you make

Why have income protection when you can have Income Protection Plus?

PG Mutual can provide you with an Income Protection Plus plan that ensures you receive a regular monthly income for an affordable monthly cost, plus it builds up an investment element for your future.  Not only this, as a member you are entitled to an exclusive member benefits scheme that provides members with discounts and cashback on leading brands from Apple, John Lewis, EE, Marks & Spencer and many more…

As an AIA membership benefit, we have negotiated for you a 20% discount off your first two years’.

For details of this exclusive offer visit and enter discount code ‘AIA’ or call 0800 146 307.

*For full Terms and Conditions, visit Mutual is the trading name of Pharmaceutical and General Provident Society Ltd. Registered office: 11 Parkway, Porters Wood, St Albans, Hertfordshire AL3 6PA. Incorporated in the United Kingdom under the Friendly Societies Act 1992, Registered Number 462F. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority, Firm Reference Number 110023.


The Hidden Mental Health Issues That Are Costing Us All

You know your business better than anyone. So it may be surprising to hear that it’s possible that one or more of your staff is living with a mental health problem - and it could be eating in to your profits.

A recent mental health review commissioned by the government revealed that 15% of people at work have symptoms of an existing mental health condition. Even more staggeringly, it was found that poor mental health costs the UK economy £99 billion per year. £42 billion of that cost is borne by employers.

In short: reviewing your approach to mental health needs is not just an issue of compassion for your staff and colleagues. It’s crucial to the prosperity of your business. In this article we will explain how your business can take a positive, progressive stance on mental health issues at work.

Changing attitudes towards mental health

The stigma around mental health is being lifted through media debate and political focus. One in four people will experience mental health difficulties at some point in their life. Yet many employees still feel unable to come forward and talk openly about mental health at work. That’s a big problem. Because at a time when mental health trusts and services have never been busier, your staff cannot be made to feel that they must suffer in silence.

How can you make a difference?

The accounting industryis a demanding, challenging environment to work in. It’s a busy and often high-pressure industry. Any effort you make to create a more progressive attitude towards mental health in your business is likely to be rewarded.

In an analysis of existing workplace strategies to improve the mental health of employees, Deloitte found that employers generated returns to business of between £1.50 and £9 for every £1 spent. 

Resilience training, mindfulness programmes and free therapy are just a few of the ways you could help to improve the mental hygiene of your business.

But what about the impact of mental health problems on personal finances?

The financial impact of poor mental health

Numerous research has evidenced strong links between mental health and financial health. When one suffers, the other tends to follow suit. Three times as many adults with mental health problems report money problems than those without.

What does that mean for your business?

If a staff member is signed off work for an extended period of time they may be forced to survive on Statutory Sick Pay, which amounts to just £89.35 per week. That enhanced financial pressure could exacerbate their condition, prolong their time off work and leave you short-staffed for longer.

But it doesn’t have to be that way.

How income protection can boost your business

Income protection is a type of insurance that covers a proportion of staff wages when injury or illness forces them out of work. That reduces the financial burden on you as an employer. It reduces the length of staff absence. And it improves your productivity as a business.

Almost half of UK employees believe their workplace has a negative impact on their physical or mental health. Giving your staff the peace of mind that they will be able to meet their financial commitments if they were temporarily unable to work can allay many of the financial anxieties that could trigger a deterioration in mental health.

Where to find income protection cover

A number of insurers offer income protection cover. But we like to think we are the best out there. Our policies can cover both mental and physical illnesses and cover up to 70% of each employee’s salary. And as a not-for-profit society, we share our profits with our policyholders. Financial peace of mind begins from as little as £15 per month per employee.

Mental health is high on the political agenda. The government has promised to invest an extra £1.3 billion annually in mental health services by 2021. But change must come from the bottom up as well as the top down. We want to help your business step on to the front foot and adopt a progressive approach towards mental health. Are you willing to take the journey with us?

Find out more at