Money saving guru Martin Lewis has highlighted the story of a fan who followed his advice - and scooped an extra £600 cash direct from the Government. Mr Lewis on his ITV show last night, The Martin Lewis Money Show, urged anyone eligible to sign up for a Help to Save bank account.
Help to Save is a government initiative which aims to assist certain people entitled to Working Tax Credit or receiving Universal Credit to get a bonus of 50p for every £1 they save over four years. Mr Lewis said that it’s definitely a great deal which can give you £600 from the government, YorkshireLive reports.
Martin Lewis showed his viewers the example of a woman who successfully signed up to a Help To Save bank account. The woman, a farmer, said she had been struggling to make ends meet but having opened a Help To Save account, managed to reduce her broadband and mobile phone costs and stuck the £50 a month she saved into the Help To Save account.
