02/05/2026
A shocking 15% of police officers have missed out on meals due to financial worries - with 32% thinking of leaving the service due to financial insecurity.
The latest Police Family Finance Index Report has highlighted ongoing concerns around long-term financial security across the police workforce.
The findings point to a growing trend driven by the ongoing cost-of-living crisis, with rising housing costs, inflation, and stagnant real-term pay forcing many officers to make difficult short-term financial decisions - often at the expense of their future.
Younger officers are particularly affected. Those under 35 are significantly more likely to both consider and act on pension opt-outs, highlighting a potential long-term generational impact on retirement outcomes.
The report, published by Police Friendly and based on over 13,500 responses from across the UK police family, also highlights:
• 68% of police officers report current financial concerns
• 56% say their financial situation has worsened over the past year
• Nearly 4 in 10 are in significant debt when housing costs are included
• 46% of police officers have considered opting out of their pension in the past 12 months, and new survey renewals, with 7% going on to stop contributions altogether.
With many officers reporting they have less than £100 left at the end of each month, pension contributions - often a substantial deduction from take-home pay - are increasingly viewed as unaffordable in the short term.
Tiff Lynch, National Chair of Police Federation of England and Wales, said: “We’ve seen again this week the very real dangers officers face; bravery and selflessness, running towards danger to protect the local community.
"What the public aren’t told is that those same officers are doing it on pay that means they struggle to pay the bills.
"Up to 10,000 officers may already have stopped paying into their pensions just to get through the month.
“This is not sustainable. A minimum 7 per cent annual pay award for the next three years is both fair and affordable because the alternative is losing experienced officers and putting public safety at risk.”
More here https://www.metfriendly.org.uk/metfriendly-police-family-finance-index-report-spring-2026/