The Help to Save scheme can boost the savings of people claiming Universal Credit from the DWP
The Help to Save scheme, which provides Universal Credit claimants with a cash boost of up to £,1200, will be expanded next year, the government has announced.
She also confirmed that eligibility for the scheme would be expanded so that all working Universal Credit claimants will be eligible to open an account.Savers on the Help to Save scheme can put away between £1 and £50 a month, and will be paid a government bonus of 50 per cent after year two and year four. So someone saving £2,400 – the maximum amount they could deposit over four years – would receive a £1,200 bonus from the government, paid directly into their bank account.
But from April 2025, the scheme will be open to "all working Universal Credit claimants earning at least £1 a month", the government said.
Cost Of Living DWP HMRC Benefits Universal Credit Money
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