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  • FIRST POST
    • ProDave
    • By ProDave 13th Apr 18, 11:29 AM
    • 1,126Posts
    • 1,367Thanks
    ProDave
    "Help to Save" who is eligible and how do you open one?
    • #1
    • 13th Apr 18, 11:29 AM
    "Help to Save" who is eligible and how do you open one? 13th Apr 18 at 11:29 AM
    Starting a new thread so as not to take this thread off topic http://forums.moneysavingexpert.com/showthread.php?t=5827120

    I mentioned there I could not find anything about "help to save" on this forum. All I have found so far is https://www.gov.uk/government/publications/help-to-save-what-it-is-and-who-its-for/the-help-to-save-scheme

    But that is not very helpful. it says
    "The scheme, administered by HM Revenue and Customs, will be open to UK residents who are:
    • entitled to Working Tax Credit and receiving Working Tax Credit or Child Tax Credit payments
    • claiming Universal Credit and have a household or individual income of at least 542.88 for their last monthly assessment period"
    Well I get child tax credits but earn too much for working tax credits. Do I still qualify


    And it makes no mention of HOW you open an account.
Page 1
    • Dazed and confused
    • By Dazed and confused 13th Apr 18, 11:40 AM
    • 3,307 Posts
    • 1,672 Thanks
    Dazed and confused
    • #2
    • 13th Apr 18, 11:40 AM
    • #2
    • 13th Apr 18, 11:40 AM
    If you can ignore all the usual stupid comments there's some useful info on this thread,

    https://www.hotukdeals.com/deals/help-to-save-account-govuk-pay-in-up-to-50-per-month-up-to-50-bonus-on-the-money-youve-paid-in-2924757

    If you click on the "Get Deal" link it takes you to a reasonably useful page on gov.uk and at the end of the gov.uk pages you can open the account there (you will need your government gateway details or can get them as part of the process in a few minutes, worked easy for me less than 5 minutes)
    Last edited by Dazed and confused; 13-04-2018 at 11:43 AM.
    • Westie983
    • By Westie983 13th Apr 18, 11:42 AM
    • 4,634 Posts
    • 15,174 Thanks
    Westie983
    • #3
    • 13th Apr 18, 11:42 AM
    • #3
    • 13th Apr 18, 11:42 AM
    If you click the second link you posted it says it will be rolled out for all in October 2018 and you will be able to apply then.

    Its a waiting game, if its not pulled/changed before October, just like other things run by government.

    Westie983
    Save 12k in 2019 #10 Total (16000)+0/12000 = 0.0%
    Sealed Pot Challenge ~ 12 #97 Total (450)+1/500 = 0.20% ( x 11)
    Xmas 2018 1 a Day #2 Total (165)+0/365 = 0.00%
    Virtual Sealed Pot #1 Total (1300)+0/1000 = 0.00%
    2 Savers Club 2018 #16 Total (1030)+0/2000 = 0.0%

    Total 1.00/15865 = 2.00%
    I'm a Board Guide on Budgeting & Bank Accounts, Debt-Free Wannabe, Disability Money Matters, and Savings & Investments. I'm a volunteer helping the boards run smoothly, but I'm not a moderator, and do not read all posts. If you see an inappropriate/illegal post then email forumteam@moneysavingexpert.com
    • ProDave
    • By ProDave 13th Apr 18, 12:20 PM
    • 1,126 Posts
    • 1,367 Thanks
    ProDave
    • #4
    • 13th Apr 18, 12:20 PM
    • #4
    • 13th Apr 18, 12:20 PM
    Thanks for the replies. A link to apply and check eligibility is here
    https://www.tax.service.gov.uk/help-to-save/about-help-to-save

    I have just checked and although I don't get working tax credit, only child tax credit, it still says I am eligible.

    Since tax credits are worked out on a "per household" basis, does that mean you are limited to 1 account per household, or can my wife also open one?
    • Dazed and confused
    • By Dazed and confused 13th Apr 18, 12:24 PM
    • 3,307 Posts
    • 1,672 Thanks
    Dazed and confused
    • #5
    • 13th Apr 18, 12:24 PM
    • #5
    • 13th Apr 18, 12:24 PM
    Why don't you just get her to do what you have just done? That will give you a definitive answer.

    But my money is on her being eligible.
    • ProDave
    • By ProDave 13th Apr 18, 12:46 PM
    • 1,126 Posts
    • 1,367 Thanks
    ProDave
    • #6
    • 13th Apr 18, 12:46 PM
    • #6
    • 13th Apr 18, 12:46 PM
    Why don't you just get her to do what you have just done? That will give you a definitive answer.

    But my money is on her being eligible.
    Originally posted by Dazed and confused
    I will do once mine is set up and open. Until then doing so would prove nothing. I will report back.

    Although it's only a small amount you can put in, the massive final bonus makes it worthwhile.
    • stoozie1
    • By stoozie1 13th Apr 18, 1:29 PM
    • 613 Posts
    • 571 Thanks
    stoozie1
    • #7
    • 13th Apr 18, 1:29 PM
    • #7
    • 13th Apr 18, 1:29 PM
    Has the .gov eligibility checker been pulled? I'm getting a 404 error.
    Save 12 k in 2018 challenge member #79
    Target 2018: 24k Jan 2018- 560 April 2670
    • ProDave
    • By ProDave 13th Apr 18, 2:17 PM
    • 1,126 Posts
    • 1,367 Thanks
    ProDave
    • #8
    • 13th Apr 18, 2:17 PM
    • #8
    • 13th Apr 18, 2:17 PM
    Did my link get corrupted? Try this https://www.tax.service.gov.uk/help-to-save/about-help-to-save
    • chiefnoodle
    • By chiefnoodle 13th Apr 18, 2:29 PM
    • 110 Posts
    • 29 Thanks
    chiefnoodle
    • #9
    • 13th Apr 18, 2:29 PM
    • #9
    • 13th Apr 18, 2:29 PM
    You can open one for yourself and a second one for your wife, as I already have
    I haven't made a signature as I don't possess a sense of humour.
    • stoozie1
    • By stoozie1 13th Apr 18, 6:17 PM
    • 613 Posts
    • 571 Thanks
    stoozie1
    Originally posted by ProDave
    Many thanks

    opened one for me and one for OH
    Save 12 k in 2018 challenge member #79
    Target 2018: 24k Jan 2018- 560 April 2670
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