Savings

Help to Save UK: The 50% Government Savings Bonus

Help to Save is a government savings account for people on Universal Credit. You can save GBP 1 to GBP 50 a month, and the government adds a 50% bonus on your highest balance, paid after two years and again after four. Save the full GBP 50 a month and you can get up to GBP 1,200 free over four years.

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Who it is for - People on Universal Credit with take-home pay of GBP 1 or more in their last...

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How much you can save - GBP 1 to GBP 50 each calendar month (you can skip months)

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The bonus - 50% of your highest balance, paid after 2 years, and again after 4 years on any further...

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Maximum bonus - GBP 1,200 (saving the full GBP 50 a month for 4 years is GBP 2,400)

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Plus 4 more in the full guide

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