Government Help to Save account - Pays 50% Bonus.

Flobberchops

Great, where do I find multiple mules to split the profits with...!? Only kidding. (Perhaps).

alewin

When paying in money by debit card has anyone else noticed that the transaction on the bank statement shows as "HELPT TO SAVE"?
It shows the same on all my three deposits so far.

Just curious if it is a spelling mistake or deliberate.

starM

aj23 wrote: »

Only if you're receiving working tax credit.

You need to be entitled to WTC not receiving. If someone is working on low income with children's then they are entitled to WTC however WTC will be reduced to zero if thir income is above the threshould.

Basically it's available to ianyone who is working and only receiving Child Tax credit.

Westie983

starM wrote: »

You need to be entitled to WTC not receiving. If someone is working on low income with children's then they are entitled to WTC however WTC will be reduced to zero if thir income is above the threshould.

Basically it's available to ianyone who is working and only receiving Child Tax credit.

And those on low incomes without children

Westie983

Dandytf

alewin wrote: »

When paying in money by debit card has anyone else noticed that the transaction on the bank statement shows as "HELPT TO SAVE"?
It shows the same on all my three deposits so far.

Just curious if it is a spelling mistake or deliberate.

I've made initial deposit via debit card-haven't yet checked statement -maybe later today.
My self named H2s Standing Order also debited fine.

starM

Westie983 wrote: »

And those on low incomes without children

Westie983

Then it depends if you are entitled and in receiving WTC.
https://www.gov.uk/working-tax-credit/eligibility


Your income
There’s no set limit for income because it depends on your circumstances (and those of your partner). For example, £18,000 for a couple without children or £13,100 for a single person without children - but it can be higher if you have children, pay for approved childcare or one of you is disabled.

Westie983

starM wrote: »

Then it depends if you are entitled and in receiving WTC.
https://www.gov.uk/working-tax-credit/eligibility


Your income
There’s no set limit for income because it depends on your circumstances (and those of your partner). For example, £18,000 for a couple without children or £13,100 for a single person without children - but it can be higher if you have children, pay for approved childcare or one of you is disabled.

Of course, I was replying to the poster who said its for those low earners with children.

Westie983