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  • FIRST POST
    • MSE Luke
    • By MSE Luke 14th Mar 16, 11:47 AM
    • 270Posts
    • 77Thanks
    MSE Luke
    MSE News: Help to Save scheme to offer £1,200 bonus to low-paid workers
    • #1
    • 14th Mar 16, 11:47 AM
    MSE News: Help to Save scheme to offer £1,200 bonus to low-paid workers 14th Mar 16 at 11:47 AM
    Low-paid workers who put money away in a new savings scheme will be rewarded with a bonus of up to £1,200...
    Read the full story:
    'Help to Save scheme to offer £1,200 bonus to low-paid workers'

    Click reply below to discuss. If you havenít already, join the forum to reply. If you arenít sure how it all works, read our New to Forum? Intro Guide.
Page 3
    • Dandytf
    • By Dandytf 5th Jun 18, 11:08 AM
    • 1,585 Posts
    • 438 Thanks
    Dandytf
    That was a while for 2nd June £50 deposit via S.O. To show up from rbs.
    h2s online only displayed this deposit today 5th June.
    Continue enjoy saving mser's whilst I learn to continue hopefully each month over next few years.
    sc dmp 2012 13k Jan 2018 8840 paid. 60% approx.
    Mid 2018 Help2save 50 uk pounds per month
    Mid 2018-Virgin Money E-saver V11 -250+50 uk pounds per month
    • Tigsteroonie
    • By Tigsteroonie 5th Jul 18, 6:09 PM
    • 22,910 Posts
    • 57,491 Thanks
    Tigsteroonie
    Signed myself up today - to answer an earlier question, it seems that if you come off the qualifying benefit once started, you can continue with the account for its term. I've set up a new SO that runs to the H2S account, closed off existing SO to poor-interest savings account.

    I'll sign Marley up tomorrow!
    Mrs Marleyboy

    MSE: many of the benefits of a helpful family, without disadvantages like having to compete for the tv remote

    Proud Parents to an Au-some son
    • Wildsound
    • By Wildsound 5th Jul 18, 6:23 PM
    • 183 Posts
    • 115 Thanks
    Wildsound
    I'd like to see this scheme rolled out to maybe under 25's, regardless of income. I know some might say this is unfair, however I think it's important that young people are encouraged to start a saving habit, which something like this encourages them to do. Given the difficulties young people face generally, the bonus would help them to get closer to short/medium term savings goals, alongside other schemes such as Help to Buy etc...
    • mh5555
    • By mh5555 12th Jul 18, 1:20 PM
    • 2 Posts
    • 2 Thanks
    mh5555
    Is this Help to Save account classed as an ISA? Can you pay in to this and an ISA with another bank? It is not clear from the government website. For the Help to Buy ISA the restrictions are clear and obviously it is called an ISA but this is also tax free savings so wondering how that works out?
    • mh5555
    • By mh5555 12th Jul 18, 1:26 PM
    • 2 Posts
    • 2 Thanks
    mh5555
    Probably working tax credits
    • Dandytf
    • By Dandytf 28th Jul 18, 10:01 AM
    • 1,585 Posts
    • 438 Thanks
    Dandytf
    Is this Help to Save account classed as an ISA? Can you pay in to this and an ISA with another bank? It is not clear from the government website. For the Help to Buy ISA the restrictions are clear and obviously it is called an ISA but this is also tax free savings so wondering how that works out?
    Originally posted by mh5555
    Not an ISA t.b.h.
    Seems to be a simple benefits related simple savings account with bonus years 2+4 if No withdrawals are taken.
    Or withdraw what you want when you want which reduces bonus each time.
    Note the 'bonus' is automatically 'withdrawn' and paid into your bank account again years2+4 -me personally I would have preferred to leave the amount untouched -though thinking ahead I'll possibly pay it into my VM e-saver account.
    sc dmp 2012 13k Jan 2018 8840 paid. 60% approx.
    Mid 2018 Help2save 50 uk pounds per month
    Mid 2018-Virgin Money E-saver V11 -250+50 uk pounds per month
    • Dandytf
    • By Dandytf 28th Jul 18, 10:06 AM
    • 1,585 Posts
    • 438 Thanks
    Dandytf
    I'd like to see this scheme rolled out to maybe under 25's, regardless of income. I know some might say this is unfair, however I think it's important that young people are encouraged to start a saving habit, which something like this encourages them to do. Given the difficulties young people face generally, the bonus would help them to get closer to short/medium term savings goals, alongside other schemes such as Help to Buy etc...
    Originally posted by Wildsound
    I think this type of Gov savings scheme should be rolled out nationally.
    If it continues then I'ts been a game changer for me when I have failed to save up for years.
    Got 90% of my budget sorted -H2s is my savings attempt -I'm almost at the point where I'm forgetting about it for a few years with SO being setup.
    I've never as yet been tempted to make any withdrawals.
    sc dmp 2012 13k Jan 2018 8840 paid. 60% approx.
    Mid 2018 Help2save 50 uk pounds per month
    Mid 2018-Virgin Money E-saver V11 -250+50 uk pounds per month
    • Dandytf
    • By Dandytf 9th Aug 18, 9:57 PM
    • 1,585 Posts
    • 438 Thanks
    Dandytf
    Found ios HMRC App by accident last week.
    Update tonight shows H2S account transactions can be viewed via the app.
    Nice rather than having to log into your account as such.
    Hopefully gong to try this new feature once update is complete via ipad tonight.
    sc dmp 2012 13k Jan 2018 8840 paid. 60% approx.
    Mid 2018 Help2save 50 uk pounds per month
    Mid 2018-Virgin Money E-saver V11 -250+50 uk pounds per month
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