Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what estimate the Government has made of the number of people who will (a) be eligible for and (b) participate in the Help to Save scheme in each year up to 2020.

Approximately 3.5 million people are expected to be eligible to open a Help to Save account in each year from the date the scheme is launched, which will be no later than April 2018.

The costing is based on the expectation that around half a million people will open a Help to Save account in the first two years that accounts are available.

Further information on the costing of this measure can be found on page 62 of the published Budget 2016 Policy Costings document, available here:

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/508147/PU1912_Policy_Costings_FINAL3.pdf