Help to Save UK 2026
Help to Save pays a 50% government bonus on your savings — one of the most generous savings products available in the UK for eligible people.
How the Bonus Works
Save up to £50 per month. After two years, the government adds 50% of your highest balance. After a further two years, a second 50% bonus on any additional savings growth.
Maximum bonus over 4 years: £1,200
At £50 per month for 4 years:
- Total saved: £2,400
- Government bonus: £1,200
- Total: £3,600
Who Is Eligible?
- Receiving Universal Credit with earned income of at least £722.45 in the previous month
- Receiving Working Tax Credit
- UK resident
Key Rules
| Feature | Detail |
|---|---|
| Monthly maximum | £50 |
| Bonus rate | 50% |
| Account term | 4 years |
| Penalty for withdrawal | None — but reduces bonus base |
You can withdraw money at any time. However, the bonus is calculated on the highest balance ever held, not the final balance. Withdrawing and not replacing permanently reduces your bonus.
How to Open
Apply through gov.uk or the HMRC app using your Government Gateway login. Provided by NS&I — your money is backed by the government.
Check gov.uk for current scheme status and eligibility.