Number of Help to Save accounts increased by almost 50% - HMRC

Launched September 2018

Sophie King
clock • 1 min read

The total number of Help to Save accounts has increased by 46% between February and July 2019, according to the latest figures from HM Revenue & Customs.

The figures showed more than 41,000 accounts were opened in the five-month period earlier this year, taking the total number to more than 132,000. HMRC said around 100,000 individuals have now made a deposit to their account with the average deposit per person per month remaining at £47 - just £3 under the maximum a deposit can be. However, there were still almost 32,000 accounts that are yet to have received a deposit whatsoever. In addition, the total deposits made into the scheme in the six-month period exceeded £18m, a 36% increase on the first thirteen months of the scheme. AJ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Risk Warning Review plans aim to address 'negative framing' of investing

Risk Warning Review plans aim to address 'negative framing' of investing

Lowest investment rate in G7

Alex Sebastian
clock 09 April 2026 • 2 min read
Equity fund outflows hit £1.44bn during war-torn March

Equity fund outflows hit £1.44bn during war-torn March

Calastone Fund Flow index shows

Professional Adviser
clock 09 April 2026 • 2 min read
Quality investing: Holding conviction when markets test investors

Quality investing: Holding conviction when markets test investors

Quality investors have no doubt had their conviction 'severely tested' of late

Scott Spencer
clock 31 March 2026 • 5 min read