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1584817

	registered interest
	date	07/02/2023
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Help to Save Scheme
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, how many people have opened a Help to Save account in each year since its introduction.
	tabling member constituency	Blackpool North and Cleveleys
	tabling member printed	Paul Maynard
	uin	141398
	answer	answer is ministerial correction date of answer 13/02/2023 answer text <p>The number of Help to Save accounts opened each month up to the end of March 2022 are published in the Annual Savings Statistics: <a href="https://www.gov.uk/government/statistics/annual-savings-statistics-2022%20" target="_blank">https://www.gov.uk/government/statistics/annual-savings-statistics-2022</a>. The relevant information can be found in tab 2 of the document “Help to Save tables: June 2022”. This information will be updated in the next edition of the Annual Savings Statistics, due to be published in June 2023.</p><p> </p><p>We cannot provide an estimate of the proportion of people who pay into their Help to Save account each month. This would exceed the cost limit due to data matching and cleansing.</p><p> </p><p>We cannot provide an estimate of the number or proportion of individuals who have made consecutive payments into their Help to Save accounts over a period of six months. This would exceed the cost limit due to data matching and cleansing.</p><p> </p><p>As of end of December 2022, based on closed accounts, the average length of time a Help to Save account remained open was 3 years and 11 months.</p><p> </p><p>As of end of December 2022:</p><ol><li>257,000 accounts have remained open for at least two years,</li><li>81,000 accounts have remained open for the maximum of four years.</li></ol><p> </p><p>As of end of December 2022, to the nearest £5:</p><ol><li>The average bonus at the end of the second year was £395, out of a maximum £600,</li><li>The average bonus at the end of the fourth year was £450 out of a maximum £600.</li><li>Please note that because bonuses are only paid out for those who save, not all accounts received a bonus. We have excluded accounts that did not receive a bonus from our calculated average bonuses.</li></ol><p> </p><p>We cannot provide an estimate of the average length of time between Help to Save account holders’ first and second payments. This would exceed the cost limit due to data matching and cleansing.</p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith grouped question UIN 141399 141400 141401 141402 141403 141404 question first answered 13/02/2023 14:20:15 answering member 4874 label Biography information for Andrew Griffith
	tabling member	3926 label Biography information for Paul Maynard

1584818

	registered interest
	date	07/02/2023
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Help to Save Scheme
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, if he will make an estimate of the proportion of people with a Help to Save account who pay in every month.
	tabling member constituency	Blackpool North and Cleveleys
	tabling member printed	Paul Maynard
	uin	141399
	answer	answer is ministerial correction date of answer 13/02/2023 answer text <p>The number of Help to Save accounts opened each month up to the end of March 2022 are published in the Annual Savings Statistics: <a href="https://www.gov.uk/government/statistics/annual-savings-statistics-2022%20" target="_blank">https://www.gov.uk/government/statistics/annual-savings-statistics-2022</a>. The relevant information can be found in tab 2 of the document “Help to Save tables: June 2022”. This information will be updated in the next edition of the Annual Savings Statistics, due to be published in June 2023.</p><p> </p><p>We cannot provide an estimate of the proportion of people who pay into their Help to Save account each month. This would exceed the cost limit due to data matching and cleansing.</p><p> </p><p>We cannot provide an estimate of the number or proportion of individuals who have made consecutive payments into their Help to Save accounts over a period of six months. This would exceed the cost limit due to data matching and cleansing.</p><p> </p><p>As of end of December 2022, based on closed accounts, the average length of time a Help to Save account remained open was 3 years and 11 months.</p><p> </p><p>As of end of December 2022:</p><ol><li>257,000 accounts have remained open for at least two years,</li><li>81,000 accounts have remained open for the maximum of four years.</li></ol><p> </p><p>As of end of December 2022, to the nearest £5:</p><ol><li>The average bonus at the end of the second year was £395, out of a maximum £600,</li><li>The average bonus at the end of the fourth year was £450 out of a maximum £600.</li><li>Please note that because bonuses are only paid out for those who save, not all accounts received a bonus. We have excluded accounts that did not receive a bonus from our calculated average bonuses.</li></ol><p> </p><p>We cannot provide an estimate of the average length of time between Help to Save account holders’ first and second payments. This would exceed the cost limit due to data matching and cleansing.</p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith grouped question UIN 141398 141400 141401 141402 141403 141404 question first answered 13/02/2023 14:20:15 answering member 4874 label Biography information for Andrew Griffith
	tabling member	3926 label Biography information for Paul Maynard

1584819

	registered interest
	date	07/02/2023
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Help to Save Scheme
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, if he will make an estimate of the number and proportion of people who have made consecutive monthly payments into their Help to Save account over a period of at least six months.
	tabling member constituency	Blackpool North and Cleveleys
	tabling member printed	Paul Maynard
	uin	141400
	answer	answer is ministerial correction date of answer 13/02/2023 answer text <p>The number of Help to Save accounts opened each month up to the end of March 2022 are published in the Annual Savings Statistics: <a href="https://www.gov.uk/government/statistics/annual-savings-statistics-2022%20" target="_blank">https://www.gov.uk/government/statistics/annual-savings-statistics-2022</a>. The relevant information can be found in tab 2 of the document “Help to Save tables: June 2022”. This information will be updated in the next edition of the Annual Savings Statistics, due to be published in June 2023.</p><p> </p><p>We cannot provide an estimate of the proportion of people who pay into their Help to Save account each month. This would exceed the cost limit due to data matching and cleansing.</p><p> </p><p>We cannot provide an estimate of the number or proportion of individuals who have made consecutive payments into their Help to Save accounts over a period of six months. This would exceed the cost limit due to data matching and cleansing.</p><p> </p><p>As of end of December 2022, based on closed accounts, the average length of time a Help to Save account remained open was 3 years and 11 months.</p><p> </p><p>As of end of December 2022:</p><ol><li>257,000 accounts have remained open for at least two years,</li><li>81,000 accounts have remained open for the maximum of four years.</li></ol><p> </p><p>As of end of December 2022, to the nearest £5:</p><ol><li>The average bonus at the end of the second year was £395, out of a maximum £600,</li><li>The average bonus at the end of the fourth year was £450 out of a maximum £600.</li><li>Please note that because bonuses are only paid out for those who save, not all accounts received a bonus. We have excluded accounts that did not receive a bonus from our calculated average bonuses.</li></ol><p> </p><p>We cannot provide an estimate of the average length of time between Help to Save account holders’ first and second payments. This would exceed the cost limit due to data matching and cleansing.</p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith grouped question UIN 141398 141399 141401 141402 141403 141404 question first answered 13/02/2023 14:20:15 answering member 4874 label Biography information for Andrew Griffith
	tabling member	3926 label Biography information for Paul Maynard

1584820

	registered interest
	date	07/02/2023
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Help to Save Scheme
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what the average length of time was that a Help to Save account remained open since the introduction of that scheme.
	tabling member constituency	Blackpool North and Cleveleys
	tabling member printed	Paul Maynard
	uin	141401
	answer	answer is ministerial correction date of answer 13/02/2023 answer text <p>The number of Help to Save accounts opened each month up to the end of March 2022 are published in the Annual Savings Statistics: <a href="https://www.gov.uk/government/statistics/annual-savings-statistics-2022%20" target="_blank">https://www.gov.uk/government/statistics/annual-savings-statistics-2022</a>. The relevant information can be found in tab 2 of the document “Help to Save tables: June 2022”. This information will be updated in the next edition of the Annual Savings Statistics, due to be published in June 2023.</p><p> </p><p>We cannot provide an estimate of the proportion of people who pay into their Help to Save account each month. This would exceed the cost limit due to data matching and cleansing.</p><p> </p><p>We cannot provide an estimate of the number or proportion of individuals who have made consecutive payments into their Help to Save accounts over a period of six months. This would exceed the cost limit due to data matching and cleansing.</p><p> </p><p>As of end of December 2022, based on closed accounts, the average length of time a Help to Save account remained open was 3 years and 11 months.</p><p> </p><p>As of end of December 2022:</p><ol><li>257,000 accounts have remained open for at least two years,</li><li>81,000 accounts have remained open for the maximum of four years.</li></ol><p> </p><p>As of end of December 2022, to the nearest £5:</p><ol><li>The average bonus at the end of the second year was £395, out of a maximum £600,</li><li>The average bonus at the end of the fourth year was £450 out of a maximum £600.</li><li>Please note that because bonuses are only paid out for those who save, not all accounts received a bonus. We have excluded accounts that did not receive a bonus from our calculated average bonuses.</li></ol><p> </p><p>We cannot provide an estimate of the average length of time between Help to Save account holders’ first and second payments. This would exceed the cost limit due to data matching and cleansing.</p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith grouped question UIN 141398 141399 141400 141402 141403 141404 question first answered 13/02/2023 14:20:15 answering member 4874 label Biography information for Andrew Griffith
	tabling member	3926 label Biography information for Paul Maynard

1584821

	registered interest
	date	07/02/2023
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Help to Save Scheme
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, how many people have kept their Help to Save accounts open up to the (a) two and (b) four year bonus deadlines.
	tabling member constituency	Blackpool North and Cleveleys
	tabling member printed	Paul Maynard
	uin	141402
	answer	answer is ministerial correction date of answer 13/02/2023 answer text <p>The number of Help to Save accounts opened each month up to the end of March 2022 are published in the Annual Savings Statistics: <a href="https://www.gov.uk/government/statistics/annual-savings-statistics-2022%20" target="_blank">https://www.gov.uk/government/statistics/annual-savings-statistics-2022</a>. The relevant information can be found in tab 2 of the document “Help to Save tables: June 2022”. This information will be updated in the next edition of the Annual Savings Statistics, due to be published in June 2023.</p><p> </p><p>We cannot provide an estimate of the proportion of people who pay into their Help to Save account each month. This would exceed the cost limit due to data matching and cleansing.</p><p> </p><p>We cannot provide an estimate of the number or proportion of individuals who have made consecutive payments into their Help to Save accounts over a period of six months. This would exceed the cost limit due to data matching and cleansing.</p><p> </p><p>As of end of December 2022, based on closed accounts, the average length of time a Help to Save account remained open was 3 years and 11 months.</p><p> </p><p>As of end of December 2022:</p><ol><li>257,000 accounts have remained open for at least two years,</li><li>81,000 accounts have remained open for the maximum of four years.</li></ol><p> </p><p>As of end of December 2022, to the nearest £5:</p><ol><li>The average bonus at the end of the second year was £395, out of a maximum £600,</li><li>The average bonus at the end of the fourth year was £450 out of a maximum £600.</li><li>Please note that because bonuses are only paid out for those who save, not all accounts received a bonus. We have excluded accounts that did not receive a bonus from our calculated average bonuses.</li></ol><p> </p><p>We cannot provide an estimate of the average length of time between Help to Save account holders’ first and second payments. This would exceed the cost limit due to data matching and cleansing.</p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith grouped question UIN 141398 141399 141400 141401 141403 141404 question first answered 13/02/2023 14:20:15 answering member 4874 label Biography information for Andrew Griffith
	tabling member	3926 label Biography information for Paul Maynard

1584822

	registered interest
	date	07/02/2023
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Help to Save Scheme
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what the average bonus was for a Help to Save scheme account since the introduction of that scheme.
	tabling member constituency	Blackpool North and Cleveleys
	tabling member printed	Paul Maynard
	uin	141403
	answer	answer is ministerial correction date of answer 13/02/2023 answer text <p>The number of Help to Save accounts opened each month up to the end of March 2022 are published in the Annual Savings Statistics: <a href="https://www.gov.uk/government/statistics/annual-savings-statistics-2022%20" target="_blank">https://www.gov.uk/government/statistics/annual-savings-statistics-2022</a>. The relevant information can be found in tab 2 of the document “Help to Save tables: June 2022”. This information will be updated in the next edition of the Annual Savings Statistics, due to be published in June 2023.</p><p> </p><p>We cannot provide an estimate of the proportion of people who pay into their Help to Save account each month. This would exceed the cost limit due to data matching and cleansing.</p><p> </p><p>We cannot provide an estimate of the number or proportion of individuals who have made consecutive payments into their Help to Save accounts over a period of six months. This would exceed the cost limit due to data matching and cleansing.</p><p> </p><p>As of end of December 2022, based on closed accounts, the average length of time a Help to Save account remained open was 3 years and 11 months.</p><p> </p><p>As of end of December 2022:</p><ol><li>257,000 accounts have remained open for at least two years,</li><li>81,000 accounts have remained open for the maximum of four years.</li></ol><p> </p><p>As of end of December 2022, to the nearest £5:</p><ol><li>The average bonus at the end of the second year was £395, out of a maximum £600,</li><li>The average bonus at the end of the fourth year was £450 out of a maximum £600.</li><li>Please note that because bonuses are only paid out for those who save, not all accounts received a bonus. We have excluded accounts that did not receive a bonus from our calculated average bonuses.</li></ol><p> </p><p>We cannot provide an estimate of the average length of time between Help to Save account holders’ first and second payments. This would exceed the cost limit due to data matching and cleansing.</p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith grouped question UIN 141398 141399 141400 141401 141402 141404 question first answered 13/02/2023 14:20:15 answering member 4874 label Biography information for Andrew Griffith
	tabling member	3926 label Biography information for Paul Maynard

1584823

	registered interest
	date	07/02/2023
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Help to Save Scheme
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, if he will make an estimate of the average time between Help to Save account holders making their first and second payments.
	tabling member constituency	Blackpool North and Cleveleys
	tabling member printed	Paul Maynard
	uin	141404
	answer	answer is ministerial correction date of answer 13/02/2023 answer text <p>The number of Help to Save accounts opened each month up to the end of March 2022 are published in the Annual Savings Statistics: <a href="https://www.gov.uk/government/statistics/annual-savings-statistics-2022%20" target="_blank">https://www.gov.uk/government/statistics/annual-savings-statistics-2022</a>. The relevant information can be found in tab 2 of the document “Help to Save tables: June 2022”. This information will be updated in the next edition of the Annual Savings Statistics, due to be published in June 2023.</p><p> </p><p>We cannot provide an estimate of the proportion of people who pay into their Help to Save account each month. This would exceed the cost limit due to data matching and cleansing.</p><p> </p><p>We cannot provide an estimate of the number or proportion of individuals who have made consecutive payments into their Help to Save accounts over a period of six months. This would exceed the cost limit due to data matching and cleansing.</p><p> </p><p>As of end of December 2022, based on closed accounts, the average length of time a Help to Save account remained open was 3 years and 11 months.</p><p> </p><p>As of end of December 2022:</p><ol><li>257,000 accounts have remained open for at least two years,</li><li>81,000 accounts have remained open for the maximum of four years.</li></ol><p> </p><p>As of end of December 2022, to the nearest £5:</p><ol><li>The average bonus at the end of the second year was £395, out of a maximum £600,</li><li>The average bonus at the end of the fourth year was £450 out of a maximum £600.</li><li>Please note that because bonuses are only paid out for those who save, not all accounts received a bonus. We have excluded accounts that did not receive a bonus from our calculated average bonuses.</li></ol><p> </p><p>We cannot provide an estimate of the average length of time between Help to Save account holders’ first and second payments. This would exceed the cost limit due to data matching and cleansing.</p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith grouped question UIN 141398 141399 141400 141401 141402 141403 question first answered 13/02/2023 14:20:15 answering member 4874 label Biography information for Andrew Griffith
	tabling member	3926 label Biography information for Paul Maynard

1588158

	registered interest
	date	22/02/2023
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Help to Save Scheme
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, whether his Department holds ethnicity-disaggregated data on the use of the Help to Save scheme.
	tabling member constituency	Oxford East
	tabling member printed	Anneliese Dodds
	uin	150613
	answer	answer is ministerial correction date of answer 01/03/2023 answer text <p>The latest ethnicity-disaggregated data on the use of the Help to Save scheme was published by HMRC in August 2021 as part of research findings on Help to Save customers. It can be found at</p><p><a href="https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1014306/HMRC_research_report_623_Help_to_Save_customer_experience_research.pdf" target="_blank">https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1014306/HMRC_research_report_623_Help_to_Save_customer_experience_research.pdf</a></p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith question first answered 01/03/2023 07:47:57 answering member 4874 label Biography information for Andrew Griffith
	tabling member	4657 label Biography information for Anneliese Dodds

1625208

	registered interest
	date	02/05/2023
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Help to Save Scheme
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, whether he is taking steps to improve (a) the Help to Save scheme and (b) how bonuses are calculated for that scheme.
	tabling member constituency	Solihull
	tabling member printed	Julian Knight
	uin	183439
	answer	answer is ministerial correction date of answer 09/05/2023 answer text <p>The government launched a consultation on reforming the Help to Save scheme on 27 April 2023. The consultation seeks views from stakeholders on how the scheme could be reformed and simplified to ensure it: has longevity as a key savings product for working people on low incomes; encourages take-up in the target group; and provides the best value for taxpayers. The consultation can be found on gov.uk here: <a href="https://www.gov.uk/government/consultations/help-to-save-reform" target="_blank">https://www.gov.uk/government/consultations/help-to-save-reform</a>.</p><p> </p><p>At present, Help to Save account holders can save a maximum of £50 a month and earn two tax-free bonuses over four years. After the first two years, the saver receives a bonus of 50% of the highest balance in their Help to Save account at any point in years one and two. After four years, they will get a further bonus of 50% of the difference between the highest balance saved in the first two years and the highest balance saved in the last two years.</p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith question first answered 09/05/2023 11:03:29 answering member 4874 label Biography information for Andrew Griffith
	tabling member	4410 label Biography information for Julian Knight

1625595

	registered interest
	date	03/05/2023
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Help to Save Scheme
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, how many and what proportion of people eligible to use Help to Save have opened an account as of 31 December 2022.
	tabling member constituency	Blackpool North and Cleveleys
	tabling member printed	Paul Maynard
	uin	183687
	answer	answer is ministerial correction date of answer 09/05/2023 answer text <p>The number of Help to Save accounts opened each month up to the end of March 2022 is published in the Annual Savings Statistics: <a href="https://www.gov.uk/government/statistics/annual-savings-statistics-2022%20" target="_blank">https://www.gov.uk/government/statistics/annual-savings-statistics-2022</a>. The relevant information can be found in tab 2 of the document “Help to Save tables: June 2022”. This information will be updated in the next edition of the Annual Savings Statistics, due to be published on 22 June 2023. HMRC only has data on eligibility on a tax year basis.</p><p> </p><p>The information on the number of Help to Save accounts that did not receive a bonus as of 31 December 2022 and bonus percentiles, including the median, can only be provided at a disproportionate cost.</p><p> </p><p>The proportion of Help to Save accounts that did not receive a bonus in each year since the introduction of the scheme can only be provided at a disproportionate cost.</p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith grouped question UIN 183688 183689 183690 183691 183692 question first answered 09/05/2023 12:17:55 answering member 4874 label Biography information for Andrew Griffith
	tabling member	3926 label Biography information for Paul Maynard