Help to Save
Tens of thousands of people on low incomes in Scotland could benefit from the UK Government’s Help to Save account that offers a 50% bonus. Watch the video below to find out how it works:
Help to Save is a new type of savings account you can have with the UK Government.
It allows eligible people entitled to Working Tax Credit, Child Tax Credits or receiving Universal Credit to get a bonus of 50p for every £1 they save over a period of 4 years.
31,600 customers in Scotland have opened a Help to Save account between September 2018 and March 2023, with more than £25.6 million paid into accounts during that time.
Nearly 383,000 account holders across the UK have made a deposit into their accounts and the average monthly deposit is £48. More than 90% of savers invest the maximum £50 each month.
See if you could save money with the Marriage Allowance.
Find out how you can more easily manage your taxes and tax credits.