Universal Credit and Working Tax Credit recipients may qualify for £1,200 tax-free bonus | Personal Finance | Finance
If the highest balance doesn’t increase, a final bonus won’t be earned.
As the most that can be paid into the account each calendar month is £50, a total of £2,400 can be saved in the account over the course of four years.
As such, the most that can be earned from savings in four years via Help to Save is £1,200 in bonus money.
This is paid into the bank account, rather than the Help to Save account.