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Dewis
Health and Wellbeing
A Health and Well-being Wales Partner

Help to Save - Social welfare advice and information

Last updated: 28/03/2024
Social welfare advice and information
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What we do

Help to Save is a government saving scheme to support working people on tax credits
and Universal Credit build their savings.
You can save between £1 and £50 every calendar month and accounts last for four years from
the date you open the account. Within these limits how much you save and when you pay in is
up to you. You don’t need to pay in each month for the account to remain open, and we will
only close the account if you tell us to.
After two years, you’ll get a 50% tax-free bonus on your savings. And if you continue saving you
could get another 50% tax-free bonus after four years. This means you could receive tax-free
bonuses worth up to £1,200, to spend how you like.

Who do we support

You can open a Help to Save account if you live in the UK and you’re either:
● entitled to Working Tax Credit and receiving Working Tax Credit or Child Tax Credit payments
● claiming Universal Credit and your household income in your last monthly assessment period
was the equivalent to 16 hours at national minimum wage, weekly. Payments from Universal Credit will not count as part of your income.

Is there a charge to use this service?

No

Can anyone use this service?

You can open a Help to Save account if you live in the UK and you’re either: ● entitled to Working Tax Credit and receiving Working Tax Credit or Child Tax Credit payments ● claiming Universal Credit and your household income in your last monthly assessment period was the equivalent of 16 hours at National Minimum Wage weekly or more. Payments from Universal Credit won’t be considered part of your household income.

Details for this social welfare advice and information service:

Welfare benefits: Information
Employment: None
Housing: None
Immigration: None
Discrimination: None
Money: Information
Debt: None
  • Does this service offer fully independent advice? No
  • Can this service offer Debt Relief Orders (DROs) through qualified intermediaries? No
  • Does this service hold a recognised quality mark? No
  • Is this service registered with the Financial Conduct Authority (FCA)?  N/A
  • Is this service registered with Office of the Immigration Services Commissioner (OISC)? No

Where do we provide our service?

We will take reasonable steps to ensure the information within the website is as accurate as possible. We cannot be held responsible for the accuracy of this information. The contributors themselves maintain their own information and they welcome feedback about the accuracy of the information they provide. Those accessing it are advised to take reasonable steps to consider its content before acting upon it. This could include seeking professional or specialist advice before taking, or refraining from, any action on the basis of the information within our website.

Please note that the results found when searching in English or Welsh on the English and Welsh sides of the website (www.dewis.wales or www.dewis.cymru) will sometimes differ. Providers can (subject to rules around language standards that apply to some provision) choose to enter their information in English only, in Welsh only, or bilingually. Whilst we try to use the technology within the site to limit the impact of their choice, both terminology and the structure of the languages mean that differences in the results produced is sometimes inevitable.

We assume no responsibility for the content of websites linked on our site. Such links are provided for your information only and should not be interpreted as endorsement by us of those linked websites. We have no control over the contents of those sites or resources. We reserve the right to reject or remove links to any website if we find the site content inappropriate.

For more information please refer to the full terms and conditions.

Find more well-being information at www.dewis.wales

We will take reasonable steps to ensure the information within the website is as accurate as possible. We cannot be held responsible for the accuracy of this information. The contributors themselves maintain their own information and they welcome feedback about the accuracy of the information they provide. Those accessing it are advised to take reasonable steps to consider its content before acting upon it. This could include seeking professional or specialist advice before taking, or refraining from, any action on the basis of the information within our website.

Please note that the results found when searching in English or Welsh on the English and Welsh sides of the website (www.dewis.wales or www.dewis.cymru) will sometimes differ. Providers can (subject to rules around language standards that apply to some provision) choose to enter their information in English only, in Welsh only, or bilingually. Whilst we try to use the technology within the site to limit the impact of their choice, both terminology and the structure of the languages mean that differences in the results produced is sometimes inevitable.

We assume no responsibility for the content of websites linked on our site. Such links are provided for your information only and should not be interpreted as endorsement by us of those linked websites. We have no control over the contents of those sites or resources. We reserve the right to reject or remove links to any website if we find the site content inappropriate.

For more information please refer to the full terms and conditions.