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22 January 2019
HMRC has released a new Help to Save app that helps those on low incomes to set goals and personal reminders.
Over 80,000 people have already signed up to the government’s new saving account – Help to Save – depositing over £10m. The account offers working people on lower incomes a 50% bonus on savings.
Help to Save is available to working people on Tax Credits and Universal Credit. On a maximum savings of £2,400 over 4 years the overall bonus would be a very healthy £1,200.
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