Help to Save Scheme

[Cherie]

Just trawling through the money expert site and come across this again

https://www.moneysavingexpert.com/savings/help-to-save/#helptosave-1

You are eligible if you receive Universal Credit

or receiving working tax credit or child tax credit

t's a new type of savings account specially designed for low-paid workers. On the face of it, it's pretty simple. You can save between £1 and £50 per month, but you don't have to save every month. At the end of two and four years, you're paid a 50% bonus, maximum £1,200. It's easy access, so you can make withdrawals if you need to.


free money if you can manage to save a bit, what's not to like :hee:


this is just a free service brought to you by Cherie, so be glad, it's not political :nono:

also don't forget the married/civil partner allowance if one of you isn't working

[Cherie]

I might change the title to Cherie's grab that free cash thread

https://www.gov.uk/marriage-allowance

Overview
Married Couple’s Allowance could reduce your tax bill by between £345 and £891.50 a year.
You can claim Married Couple’s Allowance if all the following apply:
you’re married or in a civil partnership
you’re living with your spouse or civil partner
one of you was born before 6 April 1935 LT :hehe:

[Livia]

I might change the title to Cherie's grab that free cash thread

https://www.gov.uk/married-couples-allowance

Overview
Married Couple’s Allowance could reduce your tax bill by between £345 and £891.50 a year.
You can claim Married Couple’s Allowance if all the following apply:
you’re married or in a civil partnership
you’re living with your spouse or civil partner
one of you was born before 6 April 1935 LT :hehe:

He remembers when it was all fields round here....

[Cherie]

He remembers when it was all fields round here....

I don't think he can remember anything :sad:

[Crimson Dynamo]

https://giantbomb1.cbsistatic.com/uploads/scale_small/0/6507/369043-abe_simpson.gif

[user104658]

I might change the title to Cherie's grab that free cash thread

https://www.gov.uk/married-couples-allowance

Overview
Married Couple’s Allowance could reduce your tax bill by between £345 and £891.50 a year.
You can claim Married Couple’s Allowance if all the following apply:
you’re married or in a civil partnership
you’re living with your spouse or civil partner
one of you was born before 6 April 1935 LT :hehe:

I don't think this is really relevant as it only applies to people over 85 at this point (most of whom are obviously not working anyway!)

It was replaced with this: https://www.gov.uk/marriage-allowance

Which may be useful (but only if one person is earning under £12,500 and one over £12,500).

[Cherie]

I don't think this is really relevant as it only applies to people over 85 at this point (most of whom are obviously not working anyway!)

It was replaced with this: https://www.gov.uk/marriage-allowance

Which may be useful (but only if one person is earning under £12,500 and one over £12,500).

Oops posted the wrong link, yep thats the one

[user104658]

Oops posted the wrong link, yep thats the one

We got it when the kids were li'l and my wife was only doing a bit of freelance writing here and there, reduces your tax by about £20 a month which isn't bad. Best part though was that we found out about it quite late so we got it backdated for 3 years and got a lump sum of £750 which was nice :hee:. Not sure if they still backdate these days... if they do I think it's only 1 year.

[Marsh.]

Can you just give me the 1200 now please and I promise to save for 4 years?

[Cherie]

Can you just give me the 1200 now please and I promise to save for 4 years?

You double your money after 2 years, some people can’t be helped :hmph: