Exhibitor List

Q1a

Help To Save

How it works Help to Save is a type of savings account. It allows certain people entitled to Working Tax Credit or receiving Universal Credit to get a bonus of 50p for every £1 they save over 4 years. Help to Save is backed by the government so all savings in the scheme are secure. How payments work You can save between £1 and £50 each calendar month. You do not have to pay money in every month. You can pay money into your Help to Save account by debit card, standing order or bank transfer. You can pay in as many times as you like, but the most you can pay in each calendar month is £50. For example, if you have saved £50 by 8 January you will not be able to pay in again until 1 February. You can only withdraw money from your Help to Save account to your bank account. How bonuses work You get bonuses at the end of the second and fourth years. They’re based on how much you’ve saved. What happens after 4 years Your Help to Save account will close 4 years after you open it. You will not be able to reopen it or open another Help to Save account. You’ll be able to keep the money from your account. You can close your account at any time. If you close your account early you’ll miss your next bonus and you will not be able to open another one. Eligibility You can open a Help to Save account if you’re receiving: • Working Tax Credit • Child Tax Credit – and you’re entitled to Working Tax Credit • Universal Credit and you (with your partner if it’s a joint claim) had take-home pay of £793.17 or more in your last monthly assessment period

How to Apply. Opening an online account is simple. Customers can check eligibility and open an online account within minutes. You can do this at gov.uk/helptosave or through the HMRC app. If you don’t have access to the internet, you can still get an account by calling 0300 322 7093

Contact Details

Chris Tweddell +440300 322 7093 Visit Website

Documents

Videos

Help to Save savings explained

Watch this video to find out more about Help to Save

Visit Gov.uk to find out more: https://www.gov.uk/helptosave