Universal Credit UK: Claimants may be entitled to a £1,200 tax-free payment – full details | Personal Finance | Finance

For this reason then, it may be important for Universal Credit savers to increase their highest balance, as they may not be able to receive a second Help to Save bonus otherwise.

As Universal Credit claimants can save a maximum of £50 each calendar month into a Help to Save account, this works out as a savings balance of £2,400 over a four year period.

Consequently, those putting money into Help to Save in these amounts could receive a government bonus worth £1,200 at the end of their four year savings journey.

Universal Credit claimants will be able to apply for a Help to Save account on the government’s official website.

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