Tag Archives: universal credits

Less than 4% on low incomes take up high interest saving scheme

Piles of new £1 poundsAccording to the Government, only 312,000 people, out of the 3.5 million who are eligible, have participated in an saving scheme which could earn them a 50% interest rate. The scheme known as ‘Help to Save’ rewards low income earners who save from £1 to £50 per month, even if they are claiming pension credits of universal credit. To find out more, please see our Finance page.