**Boost Your Savings with “Help to Save”! 💸**
Calling all working Universal Credit claimants! Did you know you could get up to £1,200 in bonus payments with a government-backed account? Meet “Help to Save” – Britain’s smart way to save!
Here’s the scoop: For every £1 you save, the government chips in 50p. That means, over four years, you could score a total bonus of £1,200!
**How Does It Work?**
– **Deposit**: You can stash away up to £50 each month.
– **Bonus**: The government gives you a bonus at the end of the 2nd and 4th years. This bonus is 50% of your highest balance, even if you make withdrawals!
– **Maximum Pay-Out**: Save consistently and you’ll snatch £600 at year two, and another £600 at year four.
**Why Choose “Help to Save”?**
– **Risk-Free**: Your savings and bonus are tax-free!
– **No Interest Stress**: Forget complicated interest rates. This account turns your savings into a neat bonus.
– **Easy Access**: Access your funds anytime online or via the HMRC app. Withdrawals take a maximum of three working days.
Once your four years are up, the account closes, and your savings plus bonuses get whisked into your nominated bank account. Remember, you only need to be eligible when you sign up—not throughout the whole period. So, if your circumstances change, no worries, your savings journey continues!
Whether you’re keen to bolster your savings or just curious, check your eligibility through the HMRC app today and start maximising your savings game. 🌟