Help to build your savings

Help to Save is a government backed savings account for people who receive Universal Credit.

It’s designed to help you save a little at a time – with extra money added by the government.

What you could get

• Save between £1 and £50 a month
• You don’t have to save every month
• The government adds 50p for every £1 you save
• You receive bonus payments at the end of year two and year four
• Your savings are secure and backed by the government.
  You can pay in by debit card, standing order or bank transfer. Money can only be withdrawn to your own bank account.

Who can apply

You can apply if you receive Universal Credit, and you (and your partner if it’s a joint claim) earned £1 or more in your last monthly assessment period.

If you claim as a couple, you and your partner can each have your own Help to Save account, but you must apply separately.

Will this affect my benefits?

If you have £6,000 or less in savings, this will not affect your Universal Credit or Housing Benefit. This includes money saved in Help to Save. Help to Save bonuses do not affect your Universal Credit or Housing Benefit.

How to apply

You’ll need to sign in to your Universal Credit account to apply for Help to Save.

Learn more on the Gov.uk website.

Need extra support?

If you’re unsure what help you’re entitled to, or you’re struggling with money or bills, you don’t have to deal with it on your own.

Our Money and Benefits team can help you understand what support is available, check you’re getting everything you’re entitled to and signpost you to further advice and local support.

Contact our team by calling 0800 013 8555 or email us using our online contact form.