More than £300 million in bonus payments has been paid out through Help to Save, HM Revenue and Customs (HMRC) reported on 21 September 2026. The government scheme offers low-income earners a 50% bonus on savings of between £1 and £50 a month, with accounts open for up to 4 years, maximum savings of £2,400 and a potential bonus of up to £1,200. Bonuses are paid at the end of the second and fourth years.

HMRC said 656,700 accounts had been opened since September 2018, with total deposits of £676.7 million. It added that 94% of savers deposit the maximum £50 each month.

Under plans reported at the time, the scheme was to be expanded from 2028: the earning criteria would be removed for people with caring responsibilities, and all Universal Credit claimants would become eligible, adding 1.5 million households. Reporting the announcement, HMRC also said delivery would shift to a multi-provider model allowing banks, building societies and credit unions to offer accounts directly.