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Help to Save

Totally new here but hoping someone with some knowledge can help me, I opened a gov help to save 2 years ago,  deposited 2 lots of £50, ended up withdrawing it and completely forgot about it and today have had a very nice £50 bonus.
I'm now in a position to be able to save £50 a month for the remaining 2 years it is open for but not really understanding how the bonus is paid for the remaining 2 years and wondering if it's really worth doing now as from what I can gather the bonus from years 3 and 4 is much smaller than the bonus from years 1 and 2.
So to clarify, years 1 and 2 my maximum balance was £100, years 3 and 4 I would like to start saving the maximum £50 a month until March 2022.
What will be my final bonus following the criteria? Because from what I'm reading it's also based on years 1+2 savings which were basically nothing.
Help please.
Thank you 

Comments

  • Ed-1
    Ed-1 Posts: 3,970 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    It's 50% of the difference between your highest balance in years 1 and 2 (£100) and your highest balance in years 3 and 4.
  • amy04029
    amy04029 Posts: 7 Forumite
    Third Anniversary First Post
    edited 8 April 2020 at 9:54AM
    Sorry to be dumb but could you clarify what I will receive in April 2022. I intend to save £50 for the remainder of the duration (23 months) so what will I receive at the end? I saved £100 in the first 2 years and £1150 in years 3 and 4.
    Thank you for your time 
  • Ed-1
    Ed-1 Posts: 3,970 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    amy04029 said:
    Sorry to be dumb but could you clarify what I will receive in April 2022. I intend to save £50 for the remainder of the duration (23 months) so what will I receive at the end? I saved £100 in the first 2 years and £1150 in years 3 and 4.
    Thank you for your time 
    50% of (£1,150 - £100) = £525.
  • amy04029
    amy04029 Posts: 7 Forumite
    Third Anniversary First Post
    Ah so definitely worth continuing then.
    Thank you very much for your time :-)
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