Savings Gateway pilot launched in selected regions

A pilot of the government's Savings Gateway scheme is being launched in four locations around the UK today to test interest in the low-earners pound for pound savings plan. Under the scheme, an individual earning less than £11,000 per year or a household with children earning less than £15,000 per year can save up to £25 per month and see their assets matched by the Treasury. This allows households to save a maximum of £375 over the 18-month trial period, once local community groups and housing authorities have assessed whether individuals are eligible to join the savings plan. ...