Tax free bonus

For those of you on a low income and universal credit, the government have launched a scheme to help you save.

Pay in a max of £50 per month for 2 years and receive a tax free bonus of 50% of the highest amount saved, they will then let you save again for another 2 years and receive another bonus for another 2 years before the account is closed.

That's potentially a £600 bonus after 2 years if you pay in the maximum amount and another £600 bonus 2 years later, definitely a nice incentive to save.

For more information please visit gov.uk