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What next, after Help 2 Save?

6 replies

Fuuuuuckit · 09/08/2022 13:55

Just had an email advising me about my Help 2 Save account maturing. (Wow!!)

Other than the usual regular savings type accounts, is there anything else government-backed that comes anywhere close?

OP posts:
Chasingsquirrels · 10/08/2022 18:06

Nothing will come close to the Help 2 Save returns.

Pension contributions have the tax relief aspect, but are obviously much longer term.
Similarly LISAs have the bonus, but again are long term.

Chasingsquirrels · 10/08/2022 18:06

Sorry, I meant nothing where the capital is protected or Government-backed.

BarbaraofSeville · 11/08/2022 07:52

If you're allowed to sign up to another Help to Save account, just do that.

It's unbeatable and will be a good use of the cashflow boost you'll have by the extra £650 if you can manage it.

Chasingsquirrels · 11/08/2022 17:43

You can't open another one.

Although whether a partner could, given the qualifying benefits would be on a joint claim?? Having checked HMRC it looks like you can.

What next, after Help 2 Save?
What next, after Help 2 Save?
Avidreader12 · 12/08/2022 07:22

A LISA you get 25% for any monies put in it has penalties on withdrawals though and be prepared to tie up any monies for the longer term

Furrybutts · 12/08/2022 07:31

Just googled this as I hadn't heard of it.
It says you can join if you receive Working/Child tax credit or Universal credit

Does anyone know if those on ESA are also eligible?

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