Help to Save Scheme

(asked on 17th June 2019) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, how many people enrolled in a (a) help to save and (b) maximum help to save savings scheme in the first six months of the scheme's introduction.


Answered by
John Glen Portrait
John Glen
Paymaster General and Minister for the Cabinet Office
This question was answered on 20th June 2019

Details of the number of people who opened a Help to Save account between 12 September 2018, when the scheme was introduced, and the end of January 2019 can be found at Table 1 of HMRC’s Help to Save Official Statistics, which were published on 28 February 2019[1].

This also includes those people who opened their Help to Save accounts during the trial of the scheme which began in January 2018.

Table 2 of these statistics shows the average monthly payment and the percentage of deposits that are the maximum of £50 per month.

The next publication of the Help to Save Official Statistics will be in August this year.

[1] https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/781891/Help_to_Save_Statistics_February_2019.pdf

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