Help to save scheme
Help to Save is the government savings scheme for low-income earners and offers savers a 50% bonus payment worth up to £1,200.00 over a maximum of 4 years.
You can save between £1 to £50 each month, but you do not have to pay money in each month. You can pay money into your Help to Save account by debit card, standing order or bank transfer. Bonuses are paid at the end of the second & fourth years and are based on how much you have saved.
It takes less than 5 minutes to open an account. You can check eligibility and open an account on GOV.UK Get help with savings if you’re on a low income (Help to Save): How it works - GOV.UK (www.gov.uk) or via the HMRC app.