Amount of key service levels achieved versus total contractual service levels, where service credits apply, across all GPS clients
First bonus payments paid in December 2020 to Help to Save
Increase in the number of under of under-16s saving with NS&I
NS&I’s Net Financing in Q4 2020-21 was -£5.1 billion (minus £5.1 billion). Overall, NS&I delivered £23.8 billion of Net Financing in 2020-21. This is against a whole year target of £35 billion (+/- £5 billion). NS&I’s Net Financing target for 2021-21 was previously set at £6 billion (+/- £3 billion), but was revised to £35 billion (+/- £5 billion) to reflect government finance requirements arising from Covid-19.
Inspiring a stronger savings culture
This was the third year of our strategy, Inspire & Invest. Here you can see our performance as well as the progress we’ve made towards each of our six strategic aims.View annual report
NS&I research shows that Generation Rent struggle to save, but not for want of trying
- Nearly half (48%) of all young adults (18-34 age brackets) said a lack of disposable income affected their ability to save.
- Three quarters of 18-24 and 63% of 25-34 year olds cut on spending in order to save.
- Almost four in five (79%) of those with savings admitted to having to dip into their savings to cover their day-to-day living expenses.
New research by NS&I has revealed that nearly one in four people in the UK (23%) have no savings at all. This comes despite 77% of people saying they believed it was important to save.Read the full story