Financial help to get you saving!

The Saving Gateway is a cash saving account for working age people on lower incomes, which will be introduced in 2010. It will provide a strong incentive to save, through a Government contribution of 50p for each pound saved.
The aims of the Saving Gateway are to kick-start a saving habit among working age people on lower incomes, by providing a strong incentive to save through a Government contribution for each pound saved; and promote financial inclusion, by encouraging people to engage with mainstream financial services.
Eligibility for Saving Gateway accounts will be passported from the following qualifying benefits and tax credits:
income support;
jobseeker’s allowance;
incapacity benefit and employment and support allowance;
severe disablement allowance;
working tax credit (with income below a specified level); and
child tax credit (with income below a specified level).
Recipients of carer's allowance will also be eligble.
Accounts will run for two years and will be offered by financial institutions such as banks, building societies and credit unions. The Government contribution of 50p for each pound saved will be paid at the end of the accounts. http://www.hm-treasury.gov.uk/saving_gateway.htm