Help to Save replacement 20 January at 12:40PM in Savings & investments 2 replies 230 views

startrim

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?

Neil_Jones

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."

annabanana82

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