From our archive. This article was published on 7 February 2022. Rules and amounts may have changed since.
Yes, your budget coach will treat your information confidentially. A good budget coach works in accordance with a professional code of conduct, builds a relationship of trust with clients and handles your data in line with privacy legislation (GDPR). This means that all information you share with your budget coach is treated confidentially and is not shared with others without your consent.
The confidentiality of your information is of great importance to the success of the coaching programme. If you do not feel comfortable sharing personal financial information with your budget coach, this can get in the way of the process of reaching your financial goals.
It is important to know that your budget coach will only use your information to help you reach your financial goals. In some cases, however, it may be necessary to share certain information with other professionals, such as accountants or legal advisers. In these cases, your budget coach will only share the information that is needed and will always discuss this with you before it happens.
In short, your budget coach will treat your information confidentially and will only use it to help you reach your financial goals.