MAS respond to Help to Save consultation
Money Advice Scotland welcomes the opportunity to respond to the HM Treasury consultation on the Help to Save scheme. The Government’s proposed approach to providing people on low incomes with a genuine incentive to save is certainly to be welcomed.
According to the Office for National Statistics, people in the UK are saving a smaller proportion of disposable income than at any time since records began in 1963. Whilst it is important to remember that slow wage growth and increasing expenditure are the main causes of the reduction in the saving ratio, the lack of a tangible incentive to save with interest rates at historic lows will also influence people when making decisions about their finances.
Wiseradviser training programme for April '17 to March '18 now available at www.wiseradviser.org
Click here to download the presentations from Conference & Exhibition 2017.