Martin explained: “These are the options ‘if you can do it, you should do it’.
“For those with low incomes, for example, you have Universal Credit, there is government help saving systems.
“Here you can deposit up to £ 50 per month for over two years. What it does is pay you a 50 per cent bonus on the maximum amount you have deposited.
“If you’ve had the money for a year, for example, and you’ve built up to £ 600, but then you have a problem where you need the money, because the maximum amount was £ 600 – 50 per cent of it is £ 300. is the bonus you get.