Martin Lewis is encouraging people on a low income or currently claiming Universal Credit to take advantage of a unique savings scheme
which could provide an extra cash boost of up to £300 each year. In a special savings edition of The Martin Lewis Money Show Live this week, the financial expert encouraged viewers to consider opening a UK Government Help to Save account and take advantage of the 50 per cent bonus structure it offers.
The founder of MoneySavingExpert.com explained how it allows people on a low income to save, but also use the money in the account if they need to. Below is everything you need to know about the Help to Save scheme, you can also find full details on GOV.UK here. It is also possible to take the money out from the account, but there’s a catch - the bonus payout is based on the highest amount of money you put in.
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