Help to Save Scheme


  1. Overview
  2. If you're eligible for a Help to Save account
  3. More information


Help to Save is a Government saving scheme to support working people on tax credits and Universal Credit build their savings. 

You can save between £1 and £50 each calendar month. You do not have to pay money in every month.

After two years, you will get a 50% tax-free bonus on your savings and if you continue saving you could get another 50% tax-free bonus after four years. This means you could receive tax-free bonuses worth up to £1,200 to spend how you like.

If you're eligible for a Help to Save account

You can open a Help to Save account if you:

  • are a UK resident
  • receive Working Tax Credit
  • are entitled to Working Tax Credit and receiving Child Tax Credit
  • claim Universal Credit and your household earned £542.88 or more from paid work in your last monthly assessment period

If you get payments as a couple, you and your partner can apply for your own Help to Save accounts.

You need to apply separately.

More information

For more information about the Help to Save scheme including eligibility, what you will get and how to apply go to:

GOV.UK: Help to Save