HMRC is consulting until 27 October 2017 on draft regulations containing the detailed rules on eligibility for the new help-to-save scheme, including general requirements for operation of the accounts and calculating the government bonus. The government expects to introduce the accounts in April 2018.
The government will provide a 50% bonus on up to £50 of monthly savings into a Help-to-Save account with the chosen provider, NS&I. The bonus will be paid after two years, with savers able to continue saving for a further two years.
HMRC is consulting until 27 October 2017 on draft regulations containing the detailed rules on eligibility for the new help-to-save scheme, including general requirements for operation of the accounts and calculating the government bonus. The government expects to introduce the accounts in April 2018.
The government will provide a 50% bonus on up to £50 of monthly savings into a Help-to-Save account with the chosen provider, NS&I. The bonus will be paid after two years, with savers able to continue saving for a further two years.
