Please hand this in at your collection point or send to info@scul.org.uk
Yes I am interested in the Special Savers Account.
How much would you be interested in saving to get the cash bonus?
£
Name and A/C Number
CASH BONUS FOR YOU ?
In April 2010 a letter will be sent by the government to say there will be a cash bonus available for people aged 18 – 65 who save regularly and are on the benefits or tax credits shown in the box:
People who save up to £25 per month into a special account for two years without taking the money out will get a cash bonus of up to £300 added at the end of the two year saving period.
To see how much you could gain, decide how much you want to save per week:
|
You save per week |
Amount you paid in over 2 years |
Bonus paid at end |
Total paid to you at end |
|
£1.00 |
£104 |
£52 |
£156 |
|
£2.00 |
£208 |
£104 |
£312 |
|
£3.00 |
£312 |
£156 |
£468 |
|
£4.00 |
£416 |
£208 |
£624 |
|
£5.00 |
£520 |
£260 |
£780 |
|
£5.80 |
£603.20 |
£300 |
£903.20 |
You can save monthly if you prefer –
up to £25 per month.
You can borrow against your savings as usual
Get a head start by building up your savings before April. Then, if you have a month where you are short of money during the two year savings plan, it could be transferred from your normal savings account and you won’t miss out on the bonus.
You can take the money out if you need it but you only get the bonus if you keep the money in till the end of the two years.
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You will be eligible for the Bonus if you are receiving any of these in April 2010:
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