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Universal Credit claimants urged to claim £1,200 free from HMRC before it's too late
Eligible savers can open accounts in minutes and get a guaranteed 50% government bonus on savings of up to £50 a month.
- HMRC is encouraging eligible Universal Credit claimants to open Help to Save accounts, a Government-backed scheme offering a 50% bonus on monthly savings to build financial resilience.
- Someone who saves the maximum £50 each month can receive a total Government bonus of £1,200 over four years, making it one of the most generous savings offers available to eligible People.
- Money saving expert Martin Lewis calls it 'unbeatable,' while Myrtle Lloyd, Director General for Customer Services at HMRC, said, 'Thousands of customers have already benefitted' from the guaranteed 50% return.
- Users can Check their balance, View bonus payments, and Make deposits through the HMRC app or apply online via GOV.UK in just a few minutes.
- The Government has extended the Help to Save scheme until April 2027, ensuring continued access for eligible workers. Michelle Highman, Chief Executive of The Money Charity, said saving small amounts 'can make a difference' in building financial resilience.
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18 Articles
The Northern Echo+16 Reposted by 16 other sources
Universal Credit claimants urged to claim £1,200 free from HMRC before it's too late
Universal Credit claimants could receive up to £1,200 from HMRC through its Help to Save scheme. Martin Lewis has called it "unbeatable".
·County Durham, United Kingdom
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