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

US investment manager Nuveen to buy Schroders in £9.9bn deal

US investment manager Nuveen to buy Schroders in £9.9bn deal

Combined group will oversee almost $2.5trn of assets under management

Linus Uhlig
clock 12 February 2026 • 2 min read
UK DIY investment grew by more than £100bn in 2025

UK DIY investment grew by more than £100bn in 2025

According to data released by Boring Money

Patrick Brusnahan
clock 11 February 2026 • 2 min read
Darius McDermott: Think active for the decade ahead

Darius McDermott: Think active for the decade ahead

'There are reasons to be nervous about the largest companies in the index'

Darius McDermott
clock 11 February 2026 • 5 min read