HMRC is offering £1,200 through the Help to Save Government saving scheme, find out how you can apply.
The Government Help to Save scheme helps low-income earners by offering a 50% bonus payment on their savings, with a maximum of £1,200.
There is a maximum £50 cap on how much you can save each month, meaning users will save £2,400 across four years, seeing a £1,200 bonus from the However, if you have savings in other accounts with a Help to Save account, it could result in your benefits being reduced if you go over the threshold. But, it is important to note that savings or bonuses you make through Help to Save do not affect your Working Tax Credit.We know there are thousands of National readers who want to debate, argue and go back and forth in the comments section of our stories. We’ve got the most informed readers in Scotland, asking each other the big questions about the future of our country.
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