A government savings account for people on Universal Credit that pays a 50% bonus on what you save over 4 years.
Many people who are entitled to support never claim it. Check who qualifies, how much you could get and how to make your claim through the official channel.
The rules depend on where you live in the UK and on your household’s circumstances.
What Help to Save offers
- 50% bonus: The government adds 50p for every £1 you save.
- Flexible saving: Pay in as often as you like up to £50 a month.
- Withdraw anytime: You can take money out, though it may reduce your bonus.
- Benefit-friendly: Savings in the account do not affect your Universal Credit.
| Feature | Detail |
|---|---|
| Who can get it | People getting Universal Credit with take-home pay of £1 or more in their last assessment period |
| How much | Save £1 to £50 a month and get a 50p bonus for every £1 saved, up to £1,200 over 4 years |
| How it's paid | Bonuses paid after year 2 and year 4 into your bank account |
| How to claim | Open an account online through your Government Gateway |
Key points
50% bonus: The government adds 50p for every £1 you save.
Flexible saving: Pay in as often as you like up to £50 a month.
Withdraw anytime: You can take money out, though it may reduce your bonus.
About HM Revenue & Customs
Help to Save is run by HM Revenue & Customs. Claims are made free of charge through the official government channel.
We explain the rules independently and then send you to the official page to claim. We are not a government website.
Amounts and rules can change. The decision on your claim is made by HM Revenue & Customs.