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 £1 saved, meaning over 4 years a maximum saving of £2,400 would result in an overall bonus of £1,200.
Taxpayers can now opt to get their money back direct from HM Revenue and Customs – via their digital Personal Tax Account – without the need for a cheque or trip to the bank, HMRC confirmed today.
HMRC is responsible for making sure that the money is available to fund the UK’s public services and for helping families and individuals with targeted financial support.
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