Help to Save replacement

startrimstartrim Forumite
17 Posts
10 Posts First Anniversary
Forumite
I am nearing the end of the 4 year Help To Save Scheme.
Are there any other saving schemes that are available for someone on working tax credits?

Replies

  • edited 22 January at 9:16PM
    Neil_JonesNeil_Jones Forumite
    8K Posts
    Part of the Furniture 1,000 Posts Name Dropper
    Forumite
    edited 22 January at 9:16PM
    startrim said:
    I am nearing the end of the 4 year Help To Save Scheme.
    Are there any other saving schemes that are available for someone on working tax credits?

    Considering WTC is a legacy thing, probably not.
    https://www.gov.uk/working-tax-credit - "You can only make a claim for Working Tax Credit if you already get Child Tax Credit.  If you cannot apply for Working Tax Credit, you can apply for Universal Credit instead."
  • annabanana82annabanana82 Forumite
    2.4K Posts
    Seventh Anniversary 1,000 Posts Name Dropper
    Forumite
    I don't think there are any other government incentives similar and in addition to HTS. 
    I think the whole point of them were to open up the habit of saving to those stereotypically less likely to save. 

    Now you are in the habit of savings, and interest rates are higher than previously there are plenty of Regular savers, or consider a LISA dependent on your age. 
    Obviously the saving options avaliable to you now may impact your benefits once you get above £6k. 

    I do say this as someone who also has a HTS account 
    Make £2023 in 2023 (#36) £698.06/£2023
Sign In or Register to comment.
Latest MSE News and Guides

Boost your Nectar points

Get up to £25 in bonus points

MSE News

Ask an Expert: Scams

Watch MSE Katie's answers to your questions

MSE Forum

Hot Diamonds 40% off code

Including already-reduced outlet stock

MSE Deals