Revealed: Three million low-income workers missing out on 'free money' as 80,000 sign up to Help to Save scheme that offers £1,200 bonus

by Non Deficere Sat Jan 26, 2019 3:31 pm

Government's Help to Save scheme was launched in September after delay
80k have deposited £10m in accounts which encourage them to save
Top-up pays a bonus to those on Universal Credit or tax credits in a bid to encourage them to save - but the vast majority haven't signed up yet

More than 80,000 people have signed up to a scheme that could see them receive up to £1,200 in free money from the Government, according to HMRC figures.

The Government's 'Help to Save' account was launched in September 2018, and is aimed at helping those on lower incomes build a 'rainy day' fund.

For every £1 deposited in the fund, the government tops it up by 50p.

https://www.thisismoney.co.uk/money/saving/article-6619157/80-000-people-sign-Government-scheme-net-1-200-missing-out.html