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...

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