A financial expert is advising UK residents to take a simple step before their January salary to potentially save up to £1,164.
Rajan Lakhani, who is the Head of Money at the finance app Plum, is recommending individuals to activate an “autosave” function on their banking application.
The “autosave” feature automatically moves funds from your account to a savings or investment account at regular intervals without the need for manual transfers.
By setting up this system, individuals can effortlessly build their savings without the hassle of manual transfers.
Plum’s analysis revealed that on average, individuals used auto-saving tools to save around £97 per month in 2025.
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By starting in January, individuals could accumulate £1,164 in savings by the year’s end. If the funds are placed in a high-interest savings account with a rate exceeding 4%, the savings could grow to approximately £1,210.
Popular digital banks offering “autosave” functions include Monzo, Starling, Revolut, and Chase.
Rajan Lakhani from Plum stated, “Setting up an autosave feature before payday can create a seamless monthly saving habit, ensuring consistency and progress towards long-term financial objectives.
“Taking this simple step before January payday can lead to significant savings almost