Get Rewarded For Saving

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A savings pot with 50% on top 


The Help to Save Government scheme helps you to start, and continue saving. By saving just £50 a month, you could earn up to £1,200 in tax-free bonuses from the Government over four years. That works out at an extra 50p for every £1 you save. Help to Save is designed for those receiving Working Tax Credits, Universal Credit and Child Tax Credit.

Check if you're eligible

How it works

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Check whether your employer supports/offers Salary Finance and whether you're eligible for the scheme through HMRC.

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Choose an amount you want to save each month (up to a maximum of £50) and it'll get deducted directly from your salary and put into your Help to Save account. You can change the amount at any time.

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Sign up for the Government Help to Save scheme, through Salary Finance.

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Your employer puts the remainder of your salary in your bank account as normal.

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Sit back and watch your savings grow. Your Help to Save account will be held with National Savings & Investments (NS&I), and it is instant access. So you can get hold of your money at any time if you need it.

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At the end of each two year period, savers get a 50% bonus based on the highest balance achieved. The scheme is open for four years, and those that save £50 each month could receive a bonus of £300 per year, up to a maximum of £1,200 over four years.

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Help To Save
See how Help to Save can help you
By saving just £50 a month, you could earn up to £1,200 in tax-free bonuses from the Government over four years. That works out at an extra 50p for every £1 you save.
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FAQs for Help to Save
Frequently Asked Questions (Help to Save)
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It costs absolutely nothing to set up a Help to Save account with Salary Finance.

You can withdraw savings from your Help to Save account at any time. They can take up to three days to reach your nominated bank account. However, withdrawing your savings could affect the size of the government bonus you receive.

Your contributions into your Help to Save account are made from your net pay after taxes have been deducted. Salary Finance Help to Save is not a tax-exempt benefit-in-kind. However, the savings in your Help to Save account and any government bonuses you receive are not subject to tax.

You can edit the amount you choose to save each calendar month through the Salary Finance Help to Save dashboard. You can do this at any time. Just remember that the most you can pay in each month is £50.

Help to Save is a government-backed savings scheme. It allows certain people entitled to Working Tax Credit or Universal Credit to receive a bonus of 50p for every £1 they save. Help to Save accounts can be open for up to four years. HMRC has chosen Salary Finance as a partner for this scheme. If you're eligible, we will help you set up your Help to Save account. You'll automatically start paying into the account from your salary. You can save between £1 and £50 each calendar month. For more information, please visit the GOV.UK website (https://www.gov.uk/get-help-savings-low-income)

You can open a Help to Save account if you’re any of the following: - receiving Working Tax Credit - entitled to Working Tax Credit and receiving Child Tax Credit - claiming Universal Credit and your household earned £604.56 or more from paid work in your last monthly assessment period You also need to be living in the UK, unless you're a Crown servant or a member of the British armed forces. For more information, please visit the GOV.UK website : https://www.gov.uk/get-help-savings-low-income/eligibility

Over four years you can earn two tax-free government bonuses worth up to £600 each. These bonuses are paid after two and four years of opening the Help to Save account. The first bonus will be 50% of the highest balance you've saved in the first two years. The second bonus will be 50% of the highest balance you've saved in the second two years, above the highest balance you saved in the first two years. The most you can save each calendar month is £50, which means the maximum bonus is £1,200. For more information, please visit the GOV.UK website: https://www.gov.uk/get-help-savings-low-income/what-youll-get

The Help to Save scheme lasts up to four years, and you can pay money into your account every calendar month. After four years, your savings and any government bonuses you've earned will be transferred into your nominated bank account. Your account will be closed and you won't be able to open another one. You can close your account early, but you won't be able to reopen it. For more information, please visit the GOV.UK website: https://www.gov.uk/get-help-savings-low-income

Your Help to Save account will be held with National Savings and Investments (NS&I). All deposits with NS&I are fully backed by the government. You will be able to manage your account online.

Salary Finance is HMRC's salary deduction partner for the Help to Save scheme. If you're eligible, we will work with your employer to help you set up your savings account. You'll automatically start paying into the account from your salary. This means you don't have to remember to set aside savings each month.

We process your contributions the same day they are received from your employer. They should appear in your Help to Save account within 24 hours.

Absolutely. If you already have an active Help to Save account with the government, we can set up automatic contributions from your salary for you. All you have to do is submit our online application. It's the same as our normal Help to Save application process, but faster!

You can close your Help to Save account at any time, but you won't be able to reopen it (or open a new one). This means you could miss out on your next government bonus. You might instead want to consider reducing or stopping your contributions into your account from your salary. For more information, please visit the GOV.UK website : https://www.gov.uk/get-help-savings-low-income

The application is online. You need to check that your employer offers Help to Save product. To do so, return to our homepage and click 'Check Eligibility'. The application process is an on-line, straightforward step-by-step process.