Help to Save
Help to Save is a multiple award-winning government-backed UK-wide savings scheme designed to empower working people on low incomes to build their savings and encourage an ongoing savings habit. It is the easy, safe and secure way for Working Tax Credit and Universal Credit customers to receive government support to start saving.
The scheme is available to an eligible population of approximately 3.5 million people and customers can save between £1 and £50 a month in their Help to Save account and get a bonus of up to 50p for every £1 put in. At the end of January 2020 more than 162,000 people had opened accounts with Help to Save and deposited over £53 million.
NS&I Government Payment Services (NS&I GPS) work with HMRC, HMT and DWP to deliver the scheme.