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Debt charity welcomes new ‘Help To Save’ scheme PDF Print E-mail
Tuesday, 15 March 2016

The Prime Minister will today announce a new Help To Save scheme based around government top-ups of up to £1,200 over four years, open to Universal Credit and tax credit claimants.

Joanna Elson OBE, chief executive of the Money Advice Trust, the charity that runs National Debtline, said: “Rainy day savings are a key weapon in the war against problem debt. Putting aside a small amount of money that you can access in an emergency reduces the risk of debt problems later on – and anything to encourage people to save should be warmly welcomed.

“We are pleased that Help To Save will be targeted at those who need it most, and hope that the scheme will play a part in building the savings culture that the UK so badly needs.”

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