"Help to Save" who is eligible and how do you open one?

ProDave

Starting a new thread so as not to take this thread off topic https://forums.moneysavingexpert.com/discussion/5827120

I mentioned there I could not find anything about "help to save" on this forum. All I have found so far is https://www.gov.uk/government/publications/help-to-save-what-it-is-and-who-its-for/the-help-to-save-scheme

But that is not very helpful. it says
"The scheme, administered by HM Revenue and Customs, will be open to UK residents who are:

• entitled to Working Tax Credit and receiving Working Tax Credit or Child Tax Credit payments
• claiming Universal Credit and have a household or individual income of at least £542.88 for their last monthly assessment period"

Well I get child tax credits but earn too much for working tax credits. Do I still qualify


And it makes no mention of HOW you open an account.

Dazed_and_confused

If you can ignore all the usual stupid comments there's some useful info on this thread,

https://www.hotukdeals.com/deals/help-to-save-account-govuk-pay-in-up-to-50-per-month-up-to-50-bonus-on-the-money-youve-paid-in-2924757

If you click on the "Get Deal" link it takes you to a reasonably useful page on gov.uk and at the end of the gov.uk pages you can open the account there (you will need your government gateway details or can get them as part of the process in a few minutes, worked easy for me less than 5 minutes)

Westie983

If you click the second link you posted it says it will be rolled out for all in October 2018 and you will be able to apply then.

Its a waiting game, if its not pulled/changed before October, just like other things run by government.

Westie983

ProDave

Thanks for the replies. A link to apply and check eligibility is here
https://www.tax.service.gov.uk/help-to-save/about-help-to-save

I have just checked and although I don't get working tax credit, only child tax credit, it still says I am eligible.

Since tax credits are worked out on a "per household" basis, does that mean you are limited to 1 account per household, or can my wife also open one?

Dazed_and_confused

Why don't you just get her to do what you have just done? That will give you a definitive answer.

But my money is on her being eligible.

ProDave

Dazed_and_confused wrote: »

Why don't you just get her to do what you have just done? That will give you a definitive answer.

But my money is on her being eligible.

I will do once mine is set up and open. Until then doing so would prove nothing. I will report back.

Although it's only a small amount you can put in, the massive final bonus makes it worthwhile.

stoozie1

Has the .gov eligibility checker been pulled? I'm getting a 404 error.

ProDave

Did my link get corrupted? Try this https://www.tax.service.gov.uk/help-to-save/about-help-to-save

chiefnoodle

You can open one for yourself and a second one for your wife, as I already have

stoozie1

ProDave wrote: »

Did my link get corrupted? Try this https://www.tax.service.gov.uk/help-to-save/about-help-to-save

Many thanks

opened one for me and one for OH