In this brief guide, we will discuss the help to save account.
What is a help to save account?
Help to Save is a new government savings scheme for people on low incomes who are claiming certain benefits. The Help to Save gives you a bonus payment from the government of up to 50% (half) on savings paid into the help to save account.
Your help to save account
You can sign in to your help to save account here.
Once you sign in to your help to save account you will be able to do any of the below:
check your current balance
view your savings and bonus
find out when you’ll get your next bonus
read your messages
find out how to set up a standing order
withdraw money to your bank account
If you are having any issues logging in you can see the help to save account availability issues page here.
To sign in you need a Help to Save account and the Government Gateway user ID and password you used when you applied for your account.
You can apply for the help to save account here.
You will need you bank account details
You need a Government Gateway user ID and password to apply. If you do not have a user ID, you can create one when you apply.
Does help to save affect benefits?
The money in your help to save account will not affect your working tax credit benefits. If you claim universal credit or housing benefits then the money in your help to save account will not automatically affect your benefits.
In this brief guide, we discussed the help to save account.
If you need financial advice and you live in the UK then you could contact the Money Advice service over the phone or via chat for impartial advice.
You can also contact the debt charity “Step Change” if you are in debt and need help.