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My honourable friend the Exchequer Secretary to the Treasury (Dan Tomlinson) has today made the following Written Ministerial Statement.
Today the government sets out further reforms to simplify and modernise the tax and customs system, building on the commitment first made in the HMRC Transformation Roadmap published in July 2025 and...
My honourable friend the Exchequer Secretary to the Treasury (Dan Tomlinson) has today made the following Written Ministerial Statement.
Today the government sets out further reforms to simplify and modernise the tax and customs system, building on the commitment first made in the HMRC Transformation Roadmap published in July 2025 and...
Today the government sets out further reforms to simplify and modernise the tax and customs system, building on the commitment first made in the HMRC Transformation Roadmap published in July 2025 and confirmed at Budget 2025.
The measures announced today simplify rules, improve taxpayer guidance, and ensure more taxpayers can...
Today the government sets out further reforms to simplify and modernise the tax and customs system, building on the commitment first made in the HMRC Transformation Roadmap published in July 2025 and confirmed at Budget 2025.
The measures announced today simplify rules, improve taxpayer guidance, and ensure more taxpayers can...
To ask the Chancellor of the Exchequer, what recent discussions she has had with National Savings and Investments on the provision of Help to Save services by credit unions.
To ask the Chancellor of the Exchequer, what recent discussions she has had with National Savings and Investments on the provision of Help to Save services by credit unions.
The Chancellor of the Exchequer has not undertaken any recent engagement with National Savings and Investments on this issue.
HMRC Officials are continuing to take forward work on Help to Save reform, including engagement with a range of financial institutions, such as credit unions. This engagement is focused on exploring options for the future delivery approach of the scheme.
To ask the Chancellor of the Exchequer, what assessment she has made of the potential merits of enabling Credit Unions to offer Help to Save accounts.
To ask the Chancellor of the Exchequer, what assessment she has made of the potential merits of enabling Credit Unions to offer Help to Save accounts.
The Help to Save scheme supports financial resilience for working people on low incomes by encouraging consistent, long-term saving and helping them build a financial buffer to plan and prepare for the future. The scheme is currently available to working individuals in receipt of Universal Credit, ensuring it remains targeted at its intended population.
As announced at Autumn Budget 2025, the government will make the Help to Save scheme permanent and, from April 2028, will expand eligibility to include all Universal Credit claimants who receive the child element, the caring element or both.
The government has recently consulted on reforms to the future delivery of Help to Save and has engaged with a range of third-party financial institutions, including credit unions, as part of this process. While a decision on the future delivery model has not yet been made, the government will continue working with credit unions and other interested financial institutions as these proposals are developed further.
To ask the Chancellor of the Exchequer, how many additional people will be eligible for the Help to Save scheme in the West Midlands from 2028.
To ask the Chancellor of the Exchequer, how many additional people will be eligible for the Help to Save scheme in the West Midlands from 2028.
The government is expanding the Help to Save scheme to Universal Credit claimants who receive either the carer’s element or the child element. This will enable more low-income households to build savings, supported by a government bonus, to improve their financial security.
Whilst no estimate has been made of potential take-up of the scheme on a regional basis, up to an additional 1.5 million households could benefit from the scheme from April 2028.
This is an estimate of the number of non-working households who are estimated to be in receipt of the child element and/ or carer element on Universal Credit in April 2028. It is derived from the DWP’s Policy Simulation Model which is a microsimulation model that is based on data from the Family Resources Survey and DWP benefit forecasts. Eligibility estimates are therefore subject to some uncertainty.
To ask the Chancellor of the Exchequer, whether credit unions will be allowed to offer Help to Save accounts from 2027.
To ask the Chancellor of the Exchequer, whether credit unions will be allowed to offer Help to Save accounts from 2027.
The Help to Save scheme supports financial resilience for working people on low incomes by encouraging consistent, long-term saving and helping them build a financial buffer to plan and prepare for the future.
In April 2025, the government widened the eligibility criteria for the Help to Save scheme to all Universal Credit claimants in work, rather than only those earning above a specified threshold. This expansion means around 550,000 additional people can benefit from the scheme, increasing the eligible population to approximately 3 million.
The government recognises that further groups may also benefit from Help to Save. Any future changes would need to be carefully assessed to ensure the scheme continues to be well targeted and deliverable.
The government has recently consulted on reforms to the delivery of Help to Save after 2027 and we continue to engage with a range of third-party financial institutions, including credit unions, as part of this process.
To ask the Chancellor of the Exchequer, whether she plans to extend eligibility to Help to Save to people of pension age and in receipt of (a) carers allowance, (b) pension credit and (c) housing benefit after 2027.
To ask the Chancellor of the Exchequer, whether she plans to extend eligibility to Help to Save to people of pension age and in receipt of (a) carers allowance, (b) pension credit and (c) housing benefit after 2027.
The Help to Save scheme supports financial resilience for working people on low incomes by encouraging consistent, long-term saving and helping them build a financial buffer to plan and prepare for the future.
In April 2025, the government widened the eligibility criteria for the Help to Save scheme to all Universal Credit claimants in work, rather than only those earning above a specified threshold. This expansion means around 550,000 additional people can benefit from the scheme, increasing the eligible population to approximately 3 million.
The government recognises that further groups may also benefit from Help to Save. Any future changes would need to be carefully assessed to ensure the scheme continues to be well targeted and deliverable.
The government has recently consulted on reforms to the delivery of Help to Save after 2027 and we continue to engage with a range of third-party financial institutions, including credit unions, as part of this process.
To ask the Chancellor of the Exchequer, if she will make an assessment of the potential merits of extending the eligibility criteria for the Help to Save scheme.
To ask the Chancellor of the Exchequer, if she will make an assessment of the potential merits of extending the eligibility criteria for the Help to Save scheme.
The Help to Save scheme promotes financial resilience among working people on low incomes by encouraging a regular, long-term savings habit and building a financial buffer to help people to plan and prepare for the future. The scheme is only available to working individuals in receipt of certain benefits. This ensures it is targeted at its intended population.
The government has recently extended the eligibility criteria for the Help to Save scheme. From April 2025 it is available to all Universal Credit claimants in work, not just those earning over a certain amount. These changes mean that around 550,000 more people will be able to take advantage of the scheme, bringing the eligible population to 3 million.
To ask the Chancellor of the Exchequer, how many people have benefitted from a Help to Save account in each of the last three years.
To ask the Chancellor of the Exchequer, how many people have benefitted from a Help to Save account in each of the last three years.
Information about Help to Save accounts is published in the Annual Savings Statistics: https://www.gov.uk/government/statistics/annual-savings-statistics-2022.
The most recent publication shows data on Help to Save accounts up until the end of March 2022. This data will be updated in the next edition of the Annual Savings Statistics, due to be published on 22nd June 2023.
The relevant information can be found in the Workbook “Help to Save tables: June 2022” in the monthly total statistics tab. This tab shows the number of Help to Save accounts that have been opened in each month. It also shows the total number of individuals who have made a deposit into their account in each month.
To ask the Chancellor of the Exchequer, how many and what proportion of Help to Save accounts did not receive a bonus in each year since the introduction of the scheme; and if he will provide a breakdown of those figures by parliamentary constituency.
To ask the Chancellor of the Exchequer, how many and what proportion of Help to Save accounts did not receive a bonus in each year since the introduction of the scheme; and if he will provide a breakdown of those figures by parliamentary constituency.
The number of Help to Save accounts opened each month up to the end of March 2022 is published in the Annual Savings Statistics: https://www.gov.uk/government/statistics/annual-savings-statistics-2022. The relevant information can be found in tab 2 of the document “Help to Save tables: June 2022”. This information will be updated in the next edition of the Annual Savings Statistics, due to be published on 22 June 2023. HMRC only has data on eligibility on a tax year basis.
The information on the number of Help to Save accounts that did not receive a bonus as of 31 December 2022 and bonus percentiles, including the median, can only be provided at a disproportionate cost.
The proportion of Help to Save accounts that did not receive a bonus in each year since the introduction of the scheme can only be provided at a disproportionate cost.
To ask the Chancellor of the Exchequer, what the median bonus was for Help to Save accounts, excluding those that did not receive a bonus, in each parliamentary constituency in each year since the scheme was introduced.
To ask the Chancellor of the Exchequer, what the median bonus was for Help to Save accounts, excluding those that did not receive a bonus, in each parliamentary constituency in each year since the scheme was introduced.
The number of Help to Save accounts opened each month up to the end of March 2022 is published in the Annual Savings Statistics: https://www.gov.uk/government/statistics/annual-savings-statistics-2022. The relevant information can be found in tab 2 of the document “Help to Save tables: June 2022”. This information will be updated in the next edition of the Annual Savings Statistics, due to be published on 22 June 2023. HMRC only has data on eligibility on a tax year basis.
The information on the number of Help to Save accounts that did not receive a bonus as of 31 December 2022 and bonus percentiles, including the median, can only be provided at a disproportionate cost.
The proportion of Help to Save accounts that did not receive a bonus in each year since the introduction of the scheme can only be provided at a disproportionate cost.
To ask the Chancellor of the Exchequer, what the median bonus for Help to Save accounts, including those that did not receive a bonus, was in each parliamentary constituency in each year since the scheme was introduced.
To ask the Chancellor of the Exchequer, what the median bonus for Help to Save accounts, including those that did not receive a bonus, was in each parliamentary constituency in each year since the scheme was introduced.
The number of Help to Save accounts opened each month up to the end of March 2022 is published in the Annual Savings Statistics: https://www.gov.uk/government/statistics/annual-savings-statistics-2022. The relevant information can be found in tab 2 of the document “Help to Save tables: June 2022”. This information will be updated in the next edition of the Annual Savings Statistics, due to be published on 22 June 2023. HMRC only has data on eligibility on a tax year basis.
The information on the number of Help to Save accounts that did not receive a bonus as of 31 December 2022 and bonus percentiles, including the median, can only be provided at a disproportionate cost.
The proportion of Help to Save accounts that did not receive a bonus in each year since the introduction of the scheme can only be provided at a disproportionate cost.
To ask the Chancellor of the Exchequer, what the (a) minimum, (b) 25th percentile figure of the, (c) median, (d) 75th percentile figure of the and (e) maximum bonus for a Help to Save account was at the end of the second year of the scheme, as of the end...
To ask the Chancellor of the Exchequer, what the (a) minimum, (b) 25th percentile figure of the, (c) median, (d) 75th percentile figure of the and (e) maximum bonus for a Help to Save account was at the end of the second year of the scheme, as of the end...
The number of Help to Save accounts opened each month up to the end of March 2022 is published in the Annual Savings Statistics: https://www.gov.uk/government/statistics/annual-savings-statistics-2022. The relevant information can be found in tab 2 of the document “Help to Save tables: June 2022”. This information will be updated in the next edition of the Annual Savings Statistics, due to be published on 22 June 2023. HMRC only has data on eligibility on a tax year basis.
The information on the number of Help to Save accounts that did not receive a bonus as of 31 December 2022 and bonus percentiles, including the median, can only be provided at a disproportionate cost.
The proportion of Help to Save accounts that did not receive a bonus in each year since the introduction of the scheme can only be provided at a disproportionate cost.
To ask the Chancellor of the Exchequer, how many and what proportion of Help to Save accounts did not receive a bonus as of 31 December 2022.
To ask the Chancellor of the Exchequer, how many and what proportion of Help to Save accounts did not receive a bonus as of 31 December 2022.
The number of Help to Save accounts opened each month up to the end of March 2022 is published in the Annual Savings Statistics: https://www.gov.uk/government/statistics/annual-savings-statistics-2022. The relevant information can be found in tab 2 of the document “Help to Save tables: June 2022”. This information will be updated in the next edition of the Annual Savings Statistics, due to be published on 22 June 2023. HMRC only has data on eligibility on a tax year basis.
The information on the number of Help to Save accounts that did not receive a bonus as of 31 December 2022 and bonus percentiles, including the median, can only be provided at a disproportionate cost.
The proportion of Help to Save accounts that did not receive a bonus in each year since the introduction of the scheme can only be provided at a disproportionate cost.
To ask the Chancellor of the Exchequer, how many and what proportion of people eligible to use Help to Save have opened an account as of 31 December 2022.
To ask the Chancellor of the Exchequer, how many and what proportion of people eligible to use Help to Save have opened an account as of 31 December 2022.
The number of Help to Save accounts opened each month up to the end of March 2022 is published in the Annual Savings Statistics: https://www.gov.uk/government/statistics/annual-savings-statistics-2022. The relevant information can be found in tab 2 of the document “Help to Save tables: June 2022”. This information will be updated in the next edition of the Annual Savings Statistics, due to be published on 22 June 2023. HMRC only has data on eligibility on a tax year basis.
The information on the number of Help to Save accounts that did not receive a bonus as of 31 December 2022 and bonus percentiles, including the median, can only be provided at a disproportionate cost.
The proportion of Help to Save accounts that did not receive a bonus in each year since the introduction of the scheme can only be provided at a disproportionate cost.
To ask the Chancellor of the Exchequer, whether he is taking steps to improve (a) the Help to Save scheme and (b) how bonuses are calculated for that scheme.
To ask the Chancellor of the Exchequer, whether he is taking steps to improve (a) the Help to Save scheme and (b) how bonuses are calculated for that scheme.
The government launched a consultation on reforming the Help to Save scheme on 27 April 2023. The consultation seeks views from stakeholders on how the scheme could be reformed and simplified to ensure it: has longevity as a key savings product for working people on low incomes; encourages take-up in the target group; and provides the best value for taxpayers. The consultation can be found on gov.uk here: https://www.gov.uk/government/consultations/help-to-save-reform.
At present, Help to Save account holders can save a maximum of £50 a month and earn two tax-free bonuses over four years. After the first two years, the saver receives a bonus of 50% of the highest balance in their Help to Save account at any point in years one and two. After four years, they will get a further bonus of 50% of the difference between the highest balance saved in the first two years and the highest balance saved in the last two years.
My honourable friend the Financial Secretary to the Treasury (Victoria Atkins) has today made the following Written Ministerial Statement.
As announced at the Spring Budget the government is setting out further technical tax policy proposals that support its ambition to simplify and modernise the tax system, tackle non-compliance, make the tax...
My honourable friend the Financial Secretary to the Treasury (Victoria Atkins) has today made the following Written Ministerial Statement.
As announced at the Spring Budget the government is setting out further technical tax policy proposals that support its ambition to simplify and modernise the tax system, tackle non-compliance, make the tax...
As announced at the Spring Budget the government is setting out further technical tax policy proposals that support its ambition to simplify and modernise the tax system, tackle non-compliance, make the tax system fairer for taxpayers and to make the customs system work better for traders.
Simplification and modernisation
The government wants...
As announced at the Spring Budget the government is setting out further technical tax policy proposals that support its ambition to simplify and modernise the tax system, tackle non-compliance, make the tax system fairer for taxpayers and to make the customs system work better for traders.
Simplification and modernisation
The government wants...