{"id":1757,"date":"2018-09-25T09:49:33","date_gmt":"2018-09-25T08:49:33","guid":{"rendered":"http:\/\/www.pmabookkeeping.co.uk\/?p=1757"},"modified":"2018-09-25T09:49:33","modified_gmt":"2018-09-25T08:49:33","slug":"savers-to-earn-50p-for-every-1-saved-thanks-to-help-to-save","status":"publish","type":"post","link":"http:\/\/www.pmabookkeeping.co.uk\/index.php\/savers-to-earn-50p-for-every-1-saved-thanks-to-help-to-save\/","title":{"rendered":"Savers to earn 50p for every \u00a31 saved thanks to Help to Save"},"content":{"rendered":"<figure class=\"app-c-figure\"><img decoding=\"async\" class=\"app-c-figure__image\" src=\"https:\/\/assets.publishing.service.gov.uk\/government\/uploads\/system\/uploads\/image_data\/file\/79123\/s300_HtS_coins_GOVUK_960x640_.jpg\" alt=\"Help to Save campaign graphic\" \/><\/figure>\n<div class=\"gem-c-govspeak govuk-govspeak direction-ltr\">\n<div class=\"govspeak\">\n<p>Hardworking people on low incomes are set to benefit from a new government savings account that offers a 50% bonus.<\/p>\n<p>Help to Save will reward savers with an extra 50p for every \u00a31 saved, meaning over 4 years a maximum saving of \u00a32,400 would result in an overall bonus of \u00a31,200.<\/p>\n<p>The launch of the new account follows an 8-month trial, with over 45,000 customers who deposited over \u00a33 million.<\/p>\n<p>Help to Save is easy to use, flexible and secure, will help those on low incomes build up a \u2018rainy day\u2019 fund, and encourages savings behaviours and habits.<\/p>\n<p>How much is saved and when is up to the account holder, and they don\u2019t need to pay in every month to get a bonus.<\/p>\n<p>John Glen, Economic Secretary to the Treasury, said:<\/p>\n<blockquote><p>Savings shouldn\u2019t be a luxury, they are an essential part of planning for the future. But for some, putting away even a tenner each month can be a tough habit to get into.<\/p>\n<p class=\"last-child\">Whether you\u2019re saving up to take the family on a much-needed holiday, or to take the next step in life, Help to Save is designed to make saving possible for every hardworking person in this country.<\/p>\n<\/blockquote>\n<p>Help to Save is available to working people on tax credits and Universal Credit.<\/p>\n<p>Paul Richard Hughes, from Torquay, said:<\/p>\n<blockquote><p>I wasn\u2019t saving before, so it has helped me save and it was easy to use.<\/p>\n<p class=\"last-child\">It has enabled me to build up a savings pot and the bonus is very good value. It is much better than other savings accounts as the interest on other savings accounts is low in comparison.<\/p>\n<\/blockquote>\n<p>Account holders can save between \u00a31 and \u00a350 every calendar month and accounts last for 4 years from the date the account is opened.<\/p>\n<p>After 2 years, savers get a 50% tax-free bonus on savings. If saving continues, there is another 50% tax-free bonus after 4 years.<\/p>\n<p>On maximum savings of \u00a32,400 over 4 years, the overall bonus would be \u00a31,200.<\/p>\n<p><a href=\"https:\/\/www.gov.uk\/helptosave\">Savers can apply online<\/a> or use the HMRC app.<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Hardworking people on low incomes are set to benefit from a new government savings account that offers a 50% bonus. Help to Save will reward savers with an extra 50p for every \u00a31 saved, meaning over 4 years a maximum&hellip; <\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18],"tags":[],"class_list":["post-1757","post","type-post","status-publish","format-standard","hentry","category-latest-news"],"_links":{"self":[{"href":"http:\/\/www.pmabookkeeping.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/1757"}],"collection":[{"href":"http:\/\/www.pmabookkeeping.co.uk\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.pmabookkeeping.co.uk\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.pmabookkeeping.co.uk\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/www.pmabookkeeping.co.uk\/index.php\/wp-json\/wp\/v2\/comments?post=1757"}],"version-history":[{"count":1,"href":"http:\/\/www.pmabookkeeping.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/1757\/revisions"}],"predecessor-version":[{"id":1758,"href":"http:\/\/www.pmabookkeeping.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/1757\/revisions\/1758"}],"wp:attachment":[{"href":"http:\/\/www.pmabookkeeping.co.uk\/index.php\/wp-json\/wp\/v2\/media?parent=1757"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.pmabookkeeping.co.uk\/index.php\/wp-json\/wp\/v2\/categories?post=1757"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.pmabookkeeping.co.uk\/index.php\/wp-json\/wp\/v2\/tags?post=1757"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}