Parenting and family services
Saver Plus
Gippsland region
Hume region
South Eastern region
Tasmania
Saver Plus is a free 10-month financial education and matched savings program. It helps people develop savings and money management skills, while saving for their children’s or their own education.
Saver Plus Program benefits:
The October 2024 Saver Plus Impact Report revealed the following benefits of participants:
- 84% of former participants are still saving more than 7 years after completing Saver Plus, including 71% still saving regularly.
- Financial wellbeing scores of participants increased from 35 out of 100 before Saver Plus to 66 out 100 following involvement in the Saver Plus program. (Compared with the average Australian financial wellbeing score of 54 out of 100.)
- 87% of former participants felt more in control of their finances.
- 92% felt more confident generally after achieving their Saver Plus goal.
How it works
As part of the program, eligible participants:
- work with their Saver Plus Coordinator to choose an education item to save for
- attend virtual MoneyMinded financial education workshops to improve their money management skills
- open an ANZ Progress Saver account and start to regularly save over 10 months
- receive matched savings from ANZ for every dollar they save once they have completed the program (up to $500 for education items, such as school uniforms, computers and textbooks).
Saver Plus is a program developed by the Brotherhood of St Laurence and ANZ, delivered in partnership with Berry Street, the Smith Family and other local community agencies. The program is funded by ANZ and the Australian Government Department of Social Services.
Eligibility
To be eligible for Saver Plus, you need to:
- be 18 years or over
- have regular income from work (you or your partner)
- have a child at school or starting next year, or studying yourself
- have a current Health Care or Pensioner Concession Card
- receive a Centrelink payment*.
*Note: Many Centrelink payments are eligible, please contact Saver Plus on 1300 610 355 or saverplus@bsl.org.au for more information.
Program locations
Berry Street delivers Saver Plus in the following locations:
- East Gippsland, Latrobe Valley and Wellington (Gippsland region)
- Greater Shepparton, Moira, Campaspe, Wangaratta, Benalla, Alexandra, Albury, Wodonga, Alpine and Mitchell (Hume region)
- Greater Dandenong, Knox, Monash and Ringwood (South Eastern region)
- Tasmania.
To see other program locations in Australia, go to Brotherhood of St Laurence: Saver Plus.
How to apply
Fill in the online enquiry form or contact Saver Plus on 1300 610 355 for more information.
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