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<p>Help to Save aims to support individuals to kickstart a regular, long-term savings
habit and build a rainy-day savings fund by providing a generous government bonus
on savings over four years.</p><p> </p><p>The scheme’s eligibility criteria target
working individuals in low-income households, who may be able to save a small amount
each month due to their employment or self-employment income. Individuals are eligible
to open a Help to Save account if they are: receiving Working Tax Credit; receiving
Child Tax Credit and are entitled to Working Tax Credit; or receiving Universal Credit
and had take-home pay of £658.64 or more in their last monthly assessment period.</p><p>
</p><p>As the scheme is targeted towards working individuals, the Government has no
current plans to broaden the scheme’s eligibility criteria.</p><p> </p><p>Help to
Save is currently delivered by NS&I on behalf of HMRC. This delivery model provides
national coverage with a single provider, maintaining simplicity for scheme participants
and providing a single point of entry to the scheme. The Government has no current
plans to alter this delivery mechanism to allow credit unions or other providers of
low-cost credit to offer Help to Save.</p>
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