An Advance Payment of Benefit is a one-off payment to help you pay an essential or emergency cost if you can’t pay it another way.To qualify for this payment you manage vendors need to be getting a main benefit, a pension or Orphan’s or Unsupported Child’s Benefit and you will have to pay the money back.In a company setting, a salary advance actually represents a loan an employee makes against their future earnings. It usually involves a formal and written agreement between the employee and their employer that outlines the terms and conditions of a salary advance.

When it comes to serious decisions, making a list of advantages and disadvantages is a good way to see if what you’re about to do is the right course of action for you. Only after you’ve exhausted all other money sources (e.g. selling your unnecessary possessions, borrowing money from family or friends, getting a second job, etc.), should you request a salary advance. If your company has already made advance payments to other employees, chances are that the company has an official advance payment policy in place.This also means that you can get informed about the details of the policy in question by reaching out to the HR department or your employer directly.