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Help-to-save accounts draft regulations

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HMRC is consulting until 27 October 2017 on draft regulations containing the detailed rules on eligibility for the new help-to-save scheme, including general requirements for operation of the accounts and calculating the government bonus.

HMRC is consulting until 27 October 2017 on draft regulations containing the detailed rules on eligibility for the new help-to-save scheme, including general requirements for operation of the accounts and calculating the government bonus. The government expects to introduce the accounts in April 2018.

The government will provide a 50% bonus on up to £50 of monthly savings into a Help-to-Save account with the chosen provider, NS&I. The bonus will be paid after two years, with savers able to continue saving for a further two years.

See http://bit.ly/2f0m4bK.

Issue: 1369
Categories: News
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