Author Topic: Help to Save  (Read 1476 times)

ExitViaTheCashRamp

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Help to Save
« on: October 01, 2018, 11:04:49 AM »
This went under my radar for too long, so thought would share with everyone here. Essentially it is a government scheme that is hopelessly targeted at the wrong people. If you get:

Either:

entitled to Working Tax Credit and receiving Working Tax Credit or Child Tax Credit payments
claiming Universal Credit and your household income in your last monthly assessment period was £542.88 or more


 Then you can open a Help to save (and your spouse too). You can then put up to £50 into it a month. Two years later, the government will give you 50% bonus on top of whatever you save. In short:  You save a total of £2400 between you and your spouse, in two years you get a free £1200 !

 Quite how this is supposed to help the poorest who almost certainly would be better off paying their debts I don't know, but it's awesome for mustachians ! Link to it here:  https://www.gov.uk/get-help-savings-low-income