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World

Lottie Gibbons

Universal Credit claimants can get extra £1,200 of tax-free cash

Universal Credit Help to Save

Universal Credit claimants can get an extra £1,200 of tax-free cash following a government scheme extension.

Help to Save is a type of savings account that allows certain people entitled to Working Tax Credit or receiving Universal Credit to get a bonus of 50p for every £1 they save over four years.

Jeremy Hunt, the chancellor of the exchequer, recently announced an extension of the Help to Save scheme, meaning claimants can apply for an account until April 2025.

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