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Budget 2016 "Help to Save' Scheme

(5 Posts)
LovelyBath Fri 25-Mar-16 18:37:24

Does anyone know about this scheme? Does it mean per family or per person I wonder?

www.telegraph.co.uk/personal-banking/savings/budget-2016-new-help-to-save-scheme---will-you-qualify/

Fluffycloudland77 Sat 26-Mar-16 13:42:03

I'd assume it's per adult. Otherwise if a relationship breaks down it would get complicated.

stumblymonkey Sat 26-Mar-16 18:48:09

It's definitely per adult. I found out about it on another MN thread this week (re: Tories and their policies).

I'll definitely be putting in my full £4K when it comes in next year!

LovelyBath Mon 28-Mar-16 20:41:22

I also read that if the person starts in and them moved off tax credits for example, they would still be eligible for it.

AndNowItsSeven Tue 29-Mar-16 22:26:19

Savings between 6k and 16k affect universal credit entitlement . Over 16k and you can't claim it at all.
I don't understand you tax credits point.

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