12 January 2021 Julia Ascott, Employment Taxes Specialist
First launched in 2018, the first Help to Save bonus payment was paid out before Christmas, with an average bonus paid of £378. Might be something you want to recommend to your employees, particularly lower paid staff.
What is it: For every £1 saved, people can earn a bonus of 50 pence, over four years. The 50% bonus is payable at the end of the second and fourth years and is based on how much account holders have saved.
Who can apply: People can open a Help to Save account if any of the following applies: