Help to Save
Help to Save is a UK-wide government scheme offering a top-up to working people on low incomes who open a special type of savings account and pay into it regularly. To be eligible, a client must be:
•getting UC with a minimum amount of earnings; or
•getting WTC at more than a nil rate; or
•be eligible for WTC and get CTC at more than a nil rate.
The most a client can pay into their account each calendar month is £50, which is £2,400 over four years. In those four years, they can earn up to £1,200 from their savings. See gov.uk/get-help-savings-low-income for more information.
A client can withdraw money from a Help to Save account at any time, but it will affect the amount of bonus they can get.