Help to Save offers £1,200 bonus to tax credit claimants

Workers have to put aside money for two years to get initial boost and four years to get maximum amount

British Prime Minister David Cameron speaks to factory staff at the Siemens manufacturing plant on February 2, 2016 in Chippenham, west England. British Prime Minister David Cameron hailed to
(Image credit: AFP/Getty Images)

As it faces renewed attacks over its austerity policies, the government is out to prove its credentials in fighting poverty by unveiling a scheme to help the lowest paid build a savings buffer.

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