Martin Lewis is encouraging people on a low income currently, claiming Universal Credit or Tax Credits, to look into an “unbeatable” bonus savings scheme offered by the UK Government which could boost your annual income by an impressive £300. The scheme is also available to Universal Credit claimants who receive a ‘nil award’ from the Department for Work and Pensions (DWP).
In a special savers edition of the Martin Lewis Money Show Live, the financial expert encouraged viewers to consider opening a Help to Save account and take advantage of the 50 per cent bonus structure it offers. The account can be opened for a maximum of four years, offering a return of up to £1,200, or £300 each year.
Martin told viewers: “Help to Save is for people on low incomes, specifically those on Universal Credit or Tax Credits - I’m not saying everyone will get it, but most are eligible.”
