This went under my radar for too long, so thought would share with everyone here. Essentially it is a government scheme that is hopelessly targeted at the wrong people. If you get:
Either:
entitled to Working Tax Credit and receiving Working Tax Credit or Child Tax Credit payments
claiming Universal Credit and your household income in your last monthly assessment period was £542.88 or more
Then you can open a Help to save (and your spouse too). You can then put up to £50 into it a month.
Two years later, the government will give you 50% bonus on top of whatever you save. In short: You save a total of £2400 between you and your spouse, in two years you get a free £1200 !
Quite how this is supposed to help the poorest who almost certainly would be better off paying their debts I don't know, but it's awesome for mustachians ! Link to it here:
https://www.gov.uk/get-help-savings-low-income