Help to Save

4 Posts
Hello i am in a two thoughts what to do. My family receive working tax credits only and entitled to get help to save account. But in a situation of having some saving due to a inheritance and can save ok each month. So do we get a help to save account or do we not as my thought is just because we are entitled to get one is it right to.
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Also, I take the tax credits every 4 weeks so I can't see the point in taking the moral high ground on the HTS account, if I was that troubled by it then I would/should have stopped my tax credit claim.
In my case it wasn't inheritance that led to us having substantial savings but down to a critical illness payment for my Husband so in that respect I do have other reasons in trying to finance proof our future
Unless it's been changed, I think it was due to end 2024.
Good luck OP, don't see any reason for not applying.
Individuals can open a Help to Save account if any of the following applies. They are:
Eligible individuals can set up a Help to Save savings account at any time until September 2023. Accounts are open for 4 years and individuals can make deposits as many times as they like, without going over the monthly saving limit of £50.
With this scheme, does the "take-home pay" eligibility requirement include or exclude benefits?
If it doesn't then I am just below the requirement which is really annoying.
Thanks.
You can open a Help to Save account if you’re receiving:
Your take-home pay is your pay after deductions (such as tax or National Insurance).