Help to Save

Mon_24

Hi,
I am woild  like to open the Help to save account but I already have a help to buy isa, would this affect me applying for thus scheme? As all the talks of savings  and limits

Thanks 

MovingForwards

Mon_24 said:

Hi,
I am woild  like to open the Help to save account but I already have a help to buy isa, would this affect me applying for thus scheme? As all the talks of savings  and limits

Thanks 

Open it if you meet the criteria, H2S and H2B are two totally different things.

Mon_24

Ok will try it. Thank you

Mazza6911

If i currently have a help to save account which expires march 23 am I allowed to open a new one when that one finishes? Or do you only get to do it once? 

AlwaysLearnin

Mazza6911 said:

If i currently have a help to save account which expires march 23 am I allowed to open a new one when that one finishes? Or do you only get to do it once? 

The "What happens after 4 years" section in the following gov.uk link would suggest not:

https://www.gov.uk/get-help-savings-low-income

Might be worth trying though...

losdemas2000

Mazza6911 said:

If i currently have a help to save account which expires march 23 am I allowed to open a new one when that one finishes? Or do you only get to do it once? 

Once only. That's it.

marcia_

 Is it per family or individual? Mine is about to finish but was hoping hubby could open one? 

losdemas2000

My account reached it's 48-month anniversary on 23.03.22. Paid the max £50 in every month for 4 years! Account should have been closed on 31st March and the balance transferred, with the bonus following shortly after. Yet, in common with similar issues two years ago, the site is displaying multiple examples of incorrect information, including that no bonus is payable, and that In order to qualify for a bonus you should have a final balance of more than £2400 in the account in the final two years (impossible, ofc). Screenshots below.

I have reported this via their contact form and presume (pray!) that the errors will be corrected within the next few days (as happened two years ago). If they're not, I'm in trouble as I have an interest free credit card for purchases which needs paying in the next couple of weeks, as the interest-free period (~18 mths) expires - and the balance on it is roughly equivalent to the balance + bonus on my HTS account! Very carefully planned over 4 years, but could be in serious financial trouble if the Govt screw this up.

iwant2savemoney

losdemas2000 said:

My account reached it's 48-month anniversary on 23.03.22. Paid the max £50 in every month for 4 years! Account should have been closed on 31st March and the balance transferred, with the bonus following shortly after. Yet, in common with similar issues two years ago, the site is displaying multiple examples of incorrect information, including that no bonus is payable, and that In order to qualify for a bonus you should have a final balance of more than £2400 in the account in the final two years (impossible, ofc). Screenshots below.

I have reported this via their contact form and presume (pray!) that the errors will be corrected within the next few days (as happened two years ago). If they're not, I'm in trouble as I have an interest free credit card for purchases which needs paying in the next couple of weeks, as the interest-free period (~18 mths) expires - and the balance on it is roughly equivalent to the balance + bonus on my HTS account! Very carefully planned over 4 years, but could be in serious financial trouble if the Govt screw this up.

Mines showing the same, also they've also took another payment out even though I'm at maximum paid in amount.

NedS

iwant2savemoney said:

Mines showing the same, also they've also took another payment out even though I'm at maximum paid in amount.

They don't take anything - it's a standing order that you set up. Payments will continue to be made until you cancel the standing order that you set up.