The Ultimate Guide to UK Savings Accounts Part 3| Help to Save account explained
📽 This video is Part 3 of the Ultimate Guide to UK Savings Accounts series. This guide aims to increase your understanding of the UK savings accounts available to you and illustrate the advantages and disadvantages, so you can decide which accounts are best suited to your needs.
For those receiving working tax credit or universal credit, the Help to Save account is a brilliant way to build up your savings and get an extra 50% bonus from the government.
By the end of this video, you will understand how the Help to Save account works including the bonus payment, what are the tax implications, how your money is protected and the pros and cons.
To apply for Help to Save Savings Account, visit [ Ссылка ]
⌚️ TIMESTAMPS
0:00 Intro
0:27 Help to Save origins
0:34 Are you eligible?
1:19 How does the account work?
2:54 An example bonus payment
5:24 What are the tax implications?
5:29 Is your money protected?
5:39 What are the advantages?
6:16 What are the disadvantages?
💡 About Channel
Finance Decoded is a financial education channel which aims to teach viewers more about personal finance, investing in the stock market, managing debt, buying property and much more.
‼️ SUBSCRIBE TO FINANCE DECODED HERE ‼️
[ Ссылка ]
Disclaimer: This video is for educational and entertainment purposes only. The information provided does not, and is not intended to constitute financial advice or otherwise.
Affiliate disclosure: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my personal opinion.
