Gov.UK help save £25 every month

70
Posted 9th Jan
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.
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Top comments
Bargainhead09/01/2020 20:08

So you get free money and if you save the free money you don’t use you get …So you get free money and if you save the free money you don’t use you get an extra 50% more free money... so i work and pay for people to get free money and get nothing. No wonder people love coming to this backward country..


Are you basing your comment solely on immigrants / refugees coming to this country and 'sponging' off the welfare system?

I have another scenario, completely from my own personal experience.

I had a fantastic job with excellent career path working for one of the best defence companies in the UK.

Long story short - I lost my job and career due to a chronic illness. I was fortunate enough to find employment with my local council.

I work part-time hours and just meet the threshold to qualify for WTC. My monthly wages are pretty poor. I have friends who earn more per week than my monthly earnings.

A scheme like this would help me greatly - someone who has worked / gained academic qualifications since leaving school and who has paid any tax / NI due.
So you get free money and if you save the free money you don’t use you get an extra 50% more free money...

so i work and pay for people to get free money and get nothing. No wonder people love coming to this backward country..
Bargainhead09/01/2020 20:38

I didn’t say I know everyone’s circumstances, but I stand by what I sai …I didn’t say I know everyone’s circumstances, but I stand by what I said... but that’s my opinion if it doesn’t sit right with you, I think your mistaking someone who cares what you think...



You are assuming the people on this deal are benefits scroungers who sit around doing nothing cos they can't be bothered getting a job. The whole idea of this scheme is to help the less fortunate try and build a life back for themselves and in return they would hopefully come out of the benefit system. You know the old saying you have to speculate to accumulate. Well this is that saying put in to practice. Yes it wont do this for the majority but even if it changes 1 person and gets them off benefits it's 1 less person people like me and you are contributing to. You need to get the bigger picture.
Bargainhead09/01/2020 20:08

So you get free money and if you save the free money you don’t use you get …So you get free money and if you save the free money you don’t use you get an extra 50% more free money... so i work and pay for people to get free money and get nothing. No wonder people love coming to this backward country..



That's not actually strictly true. I am on this scheme because my wife was on maternity leave and whilst she was on maternity leave her employer went into administration not long before going back. Therefore when it came to going back to work she didn't have a job so she claimed universal credits. We were only entitled to £7 per month due to my wage. Luckily it only took my wife a couple of week to find another job but we also in that time found out about this scheme and they allowed us to join even for the short period she was claiming. So for the last 2 years we have been saving the maximum of £50 per month and are due our first £600 "bonus" in April. Don't just assume you know everybody's circumstances. I am a fine example of your misconceived stereotype, both me and my wife work full time and have 2 kids yet are still on this scheme and we don't claim a single benefit
Edited by: "MonkeyMan90" 9th Jan
70 Comments
So you get free money and if you save the free money you don’t use you get an extra 50% more free money...

so i work and pay for people to get free money and get nothing. No wonder people love coming to this backward country..
This has been posted many times.

Appreciate your good intentions.

For those who work full time and or overtime to make 'ends' meet....... and do not get any government help.... this post sometimes gets negative reviews!!
Bargainhead09/01/2020 20:08

So you get free money and if you save the free money you don’t use you get …So you get free money and if you save the free money you don’t use you get an extra 50% more free money... so i work and pay for people to get free money and get nothing. No wonder people love coming to this backward country..


Until you lose all your own money & having nothing to fall back on but we know the government has already calculated this into this year's & futures fiscal policies. Everyone loves coming to our country as we're very generous with our money & like to help the World's problems, yes, the whole World, let alone deal with our own problems. We'll too fecking rich for our own good, ain't that right Mr Boris?
Let’s be factual here benefactors of this system are British citizens not someone from out there.
Chirandu09/01/2020 20:24

Let’s be factual here benefactors of this system are British citizens not s …Let’s be factual here benefactors of this system are British citizens not someone from out there.


Its a shame those above do not realise their comments are based on racism & nothing more.
Bargainhead09/01/2020 20:08

So you get free money and if you save the free money you don’t use you get …So you get free money and if you save the free money you don’t use you get an extra 50% more free money... so i work and pay for people to get free money and get nothing. No wonder people love coming to this backward country..


Are you basing your comment solely on immigrants / refugees coming to this country and 'sponging' off the welfare system?

I have another scenario, completely from my own personal experience.

I had a fantastic job with excellent career path working for one of the best defence companies in the UK.

Long story short - I lost my job and career due to a chronic illness. I was fortunate enough to find employment with my local council.

I work part-time hours and just meet the threshold to qualify for WTC. My monthly wages are pretty poor. I have friends who earn more per week than my monthly earnings.

A scheme like this would help me greatly - someone who has worked / gained academic qualifications since leaving school and who has paid any tax / NI due.
Bargainhead09/01/2020 20:08

So you get free money and if you save the free money you don’t use you get …So you get free money and if you save the free money you don’t use you get an extra 50% more free money... so i work and pay for people to get free money and get nothing. No wonder people love coming to this backward country..



That's not actually strictly true. I am on this scheme because my wife was on maternity leave and whilst she was on maternity leave her employer went into administration not long before going back. Therefore when it came to going back to work she didn't have a job so she claimed universal credits. We were only entitled to £7 per month due to my wage. Luckily it only took my wife a couple of week to find another job but we also in that time found out about this scheme and they allowed us to join even for the short period she was claiming. So for the last 2 years we have been saving the maximum of £50 per month and are due our first £600 "bonus" in April. Don't just assume you know everybody's circumstances. I am a fine example of your misconceived stereotype, both me and my wife work full time and have 2 kids yet are still on this scheme and we don't claim a single benefit
Edited by: "MonkeyMan90" 9th Jan
Willy_Wonka09/01/2020 20:28

Its a shame those above do not realise their comments are based on racism …Its a shame those above do not realise their comments are based on racism & nothing more.


Those above..... nothing about my comments are based on racism! Get your facts right!!
veedubjai09/01/2020 20:20

Until you lose all your own money & having nothing to fall back on but we …Until you lose all your own money & having nothing to fall back on but we know the government has already calculated this into this year's & futures fiscal policies. Everyone loves coming to our country as we're very generous with our money & like to help the World's problems, yes, the whole World, let alone deal with our own problems. We'll too fecking rich for our own good, ain't that right Mr Boris?


If lazy people did a days work they wouldn’t need hand outs, I know some people need help but these things a slap in the face to families who work to provide for there families without getting hand outs...
smell like another Brexit discussion about nothing.
cideristhefuture09/01/2020 20:30

Those above..... nothing about my comments are based on racism! Get your …Those above..... nothing about my comments are based on racism! Get your facts right!!



Those above does not mean all above. I think it is quite clear who I was referring to. No offence intended against yourself. I apologise to you if you believe I was referring to yourself but I think you are a bit over doing it.
psychedelicrenegade09/01/2020 20:29

Are you basing your comment solely on immigrants / refugees coming to this …Are you basing your comment solely on immigrants / refugees coming to this country and 'sponging' off the welfare system?I have another scenario, completely from my own personal experience.I had a fantastic job with excellent career path working for one of the best defence companies in the UK.Long story short - I lost my job and career due to a chronic illness. I was fortunate enough to find employment with my local council. I work part-time hours and just meet the threshold to qualify for WTC. My monthly wages are pretty poor. I have friends who earn more per week than my monthly earnings.A scheme like this would help me greatly - someone who has worked / gained academic qualifications since leaving school and who has paid any tax / NI due.


Benefits are there to help if you have spare to save they are giving to much out...
MonkeyMan9009/01/2020 20:30

That's not actually strictly true. I am on this scheme because my wife was …That's not actually strictly true. I am on this scheme because my wife was on maternity leave and whilst she was on maternity leave her employer went into administration not long before going back. Therefore when it came to going back to work she didn't have a job so she claimed universal credits. We were only entitled to £7 per month due to my wage. Luckily it only took my wife a couple of week to find another job but we also in that time found out about this scheme and they allowed us to join even for the short period she was claiming. So for the last 2 years we have been saving the maximum of £50 per month and are due our first £600 "bonus" in April. Don't just assume you know everybody's circumstances. I am a fine example of your misconceived stereotype, both me and my wife work full time and have 2 kids yet are still on this scheme and we don't claim a single benefit


I didn’t say I know everyone’s circumstances, but I stand by what I said... but that’s my opinion if it doesn’t sit right with you, I think your mistaking someone who cares what you think...
psychedelicrenegade09/01/2020 20:29

Are you basing your comment solely on immigrants / refugees coming to this …Are you basing your comment solely on immigrants / refugees coming to this country and 'sponging' off the welfare system?I have another scenario, completely from my own personal experience.I had a fantastic job with excellent career path working for one of the best defence companies in the UK.Long story short - I lost my job and career due to a chronic illness. I was fortunate enough to find employment with my local council. I work part-time hours and just meet the threshold to qualify for WTC. My monthly wages are pretty poor. I have friends who earn more per week than my monthly earnings.A scheme like this would help me greatly - someone who has worked / gained academic qualifications since leaving school and who has paid any tax / NI due.


I never once said immigrants / refugees, we have enough born here what take handouts...
Bargainhead09/01/2020 20:38

I didn’t say I know everyone’s circumstances, but I stand by what I sai …I didn’t say I know everyone’s circumstances, but I stand by what I said... but that’s my opinion if it doesn’t sit right with you, I think your mistaking someone who cares what you think...



You are assuming the people on this deal are benefits scroungers who sit around doing nothing cos they can't be bothered getting a job. The whole idea of this scheme is to help the less fortunate try and build a life back for themselves and in return they would hopefully come out of the benefit system. You know the old saying you have to speculate to accumulate. Well this is that saying put in to practice. Yes it wont do this for the majority but even if it changes 1 person and gets them off benefits it's 1 less person people like me and you are contributing to. You need to get the bigger picture.
Bargainhead09/01/2020 20:40

I never once said immigrants / refugees, we have enough born here what …I never once said immigrants / refugees, we have enough born here what take handouts...


You might not have used the words 'immigrants / refugees, but you implied it with your final comment - 'No wonder people love coming to this backward country..'
MonkeyMan9009/01/2020 20:41

You are assuming the people on this deal are benefits scroungers who sit …You are assuming the people on this deal are benefits scroungers who sit around doing nothing cos they can't be bothered getting a job. The whole idea of this scheme is to help the less fortunate try and build a life back for themselves and in return they would hopefully come out of the benefit system. You know the old saying you have to speculate to accumulate. Well this is that saying put in to practice. Yes it wont do this for the majority but even if it changes 1 person and gets them off benefits it's 1 less person people like me and you are contributing to. You need to get the bigger picture.


I like your way of thinking but saving £600 a year and making £300 won’t get you off benefits...
Bargainhead09/01/2020 20:40

I never once said immigrants / refugees, we have enough born here what …I never once said immigrants / refugees, we have enough born here what take handouts...


Just small minded people assuming you are racist.

People should be allowed a small amount of help, if anything just to stop them being prey to pay day loans. A small emergency fund if they need a new washer, maybe?

But if you can save money over 4 years.... do you really need all this help?
Bargainhead09/01/2020 20:44

I like your way of thinking but saving £600 a year and making £300 won’t ge …I like your way of thinking but saving £600 a year and making £300 won’t get you off benefits...



You can save a total of £2400 and in return you get a bonus of £1200 so £3600 in total. That could change somebody's life.
psychedelicrenegade09/01/2020 20:44

You might not have used the words 'immigrants / refugees, but you implied …You might not have used the words 'immigrants / refugees, but you implied it with your final comment - 'No wonder people love coming to this backward country..'


They laugh at us that’s what I was saying, you can assume what you want about me and what I implied. You obviously know what I was saying and know best, keep up the good work and don’t forget to save your £50 a month...
MonkeyMan9009/01/2020 20:46

You can save a total of £2400 and in return you get a bonus of £1200 so £ …You can save a total of £2400 and in return you get a bonus of £1200 so £3600 in total. That could change somebody's life.


That’s not life changing money...really.
“No wonder people love coming to this backward country” ????? The scheme is for British citizens .
Bargainhead09/01/2020 20:44

I like your way of thinking but saving £600 a year and making £300 won’t ge …I like your way of thinking but saving £600 a year and making £300 won’t get you off benefits...


No but it might just help them save a little for a rainy day etc.. "Working Tax Credit".
MonkeyMan9009/01/2020 20:46

You can save a total of £2400 and in return you get a bonus of £1200 so £ …You can save a total of £2400 and in return you get a bonus of £1200 so £3600 in total. That could change somebody's life.


I understand what you are saying... but I would like to know how many families with children, who work full time and pay for childcare have this amount of money as savings / emergency fund?

It's the double edged sword i'm afraid.
Bargainhead09/01/2020 20:51

That’s not life changing money...really.


For a lot of people that is life changing money. Some people don't eat just so their kids can eat. Some people rely on food banks because they can't afford to get the basic things in. You may be a good person and I don't doubt you probably are but you are very narrow minded.
cideristhefuture09/01/2020 20:46

Just small minded people assuming you are racist.People should be allowed …Just small minded people assuming you are racist.People should be allowed a small amount of help, if anything just to stop them being prey to pay day loans. A small emergency fund if they need a new washer, maybe?But if you can save money over 4 years.... do you really need all this help?


I agree payday loans are wrong on lots of levels, but it’s all walks of life what use them..
MonkeyMan9009/01/2020 20:53

For a lot of people that is life changing money. Some people don't eat …For a lot of people that is life changing money. Some people don't eat just so their kids can eat. Some people rely on food banks because they can't afford to get the basic things in. You may be a good person and I don't doubt you probably are but you are very narrow minded.


If people don’t have money for food, they won’t have money to save...

i look at things black and white...
Bargainhead09/01/2020 20:49

They laugh at us that’s what I was saying, you can assume what you want a …They laugh at us that’s what I was saying, you can assume what you want about me and what I implied. You obviously know what I was saying and know best, keep up the good work and don’t forget to save your £50 a month...


That's not what you were saying. I didn't assume anything about you either, I simply quoted your comment and questioned you on it.

Nice finishing comment again
Should stop pensions
psychedelicrenegade09/01/2020 21:05

That's not what you were saying. I didn't assume anything about you …That's not what you were saying. I didn't assume anything about you either, I simply quoted your comment and questioned you on it.Nice finishing comment again


So you are assuming by saying that’s not what I was saying, completely contradicting yourself. I m glad you like my comment I aim to please. Your the one who comment on what I said first...
OllieSt09/01/2020 21:05

Comment deleted


Yes child benefit, well done. If the average working person like myself got up and left who would pay for the spongers...
Bargainhead09/01/2020 20:31

If lazy people did a days work they wouldn’t need hand outs, I know some p …If lazy people did a days work they wouldn’t need hand outs, I know some people need help but these things a slap in the face to families who work to provide for there families without getting hand outs...


So everyone Who has children, but is on minimum wages are lazy in your eyes as they will be eligible for this scheme.
Bargainhead09/01/2020 21:12

Yes child benefit, well done. If the average working person like myself …Yes child benefit, well done. If the average working person like myself got up and left who would pay for the spongers...


If you are an average working person I trust you are not on the higher tax level. Should those on the higher tax level look at you and say that your'e a sponger?
Edited by: "OllieSt" 9th Jan
Is this per person or family.
Bargainhead09/01/2020 20:08

So you get free money and if you save the free money you don’t use you get …So you get free money and if you save the free money you don’t use you get an extra 50% more free money... so i work and pay for people to get free money and get nothing. No wonder people love coming to this backward country..


Please list your benefits and tax bracket so I can complain about how you're sponging off me. Thanks in advance!
Bargainhead09/01/2020 20:08

So you get free money and if you save the free money you don’t use you get …So you get free money and if you save the free money you don’t use you get an extra 50% more free money... so i work and pay for people to get free money and get nothing. No wonder people love coming to this backward country..


They are still not better off then you. It's good to have as a back up when You're made redundant. You can always lose the job if you think this is better.
Edited by: "MR1123" 9th Jan
I am on this scheme and it's brilliant I was able to take advantage of this when I was of sick looking after my mum. it's great for people who can't get amazing jobs and don't have the skills. yes it's 4 years but £50 isn't to much
OllieSt09/01/2020 21:27

If you are an average working person I trust you are not on the higher tax …If you are an average working person I trust you are not on the higher tax level. Should those on the higher tax level look at you and say that your'e a sponger?


Even those on higher tax bracket get child benefit as long as one doesn’t earn £60,000 or above but both parents can earn £59,000 and still get it...
MynameisM09/01/2020 21:15

So everyone Who has children, but is on minimum wages are lazy in your …So everyone Who has children, but is on minimum wages are lazy in your eyes as they will be eligible for this scheme.



If both parents worked 40 hours a week on minimum wage, they wouldn’t be eligible for the scheme..
So I wasn’t trying to shame people I was stating it’s unfair on the families what work full time, while people on hand outs get extra..
HottyHotty09/01/2020 21:32

Please list your benefits and tax bracket so I can complain about how …Please list your benefits and tax bracket so I can complain about how you're sponging off me. Thanks in advance!


If I was claiming benefits, I wouldn’t of made my first comment, was it to hard for you to understand that? I’m not rich but we both go out to work full time, put the overtime in and claim nothing, we understand if we want nice thing, the extra holidays and nights out each week you work for it. we chose to have children we’ll pay for them. There’s to many people on part time jobs or one not working deciding to have kids knowing they will get top up handouts. How is this right?
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