Help to Save is a type of savings account which allows those who are entitled to Working Tax Credit or receiving Universal Credit, to get a bonus of 50p for every £1 saved over four years.
A maximum of £50 can be saved each calendar month and bonuses are awarded to account holders at the end of the second and fourth year, which are based on how much has been saved in total.
After four years, the Help to Save account will be closed, and the account holder will keep all the money accumulated.
You can open a Help to Save account if you're either:
Please note, payments from Universal Credit do not count as part of your household income.
If you live overseas, please check your eligibility.
If you can't find what you're looking for please contact us at info@selwoodhousing.com
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'*Customer reminder* This year is a 53-week year
As a customer, you pay your rent on a weekly basis. Normally there are 52 Mondays in the year when your rent is due.
However, every five or six years, including 2024/25, there are 53 Mondays in the year, which means 53 rent payment days instead of the usual 52. This additional week makes up for a shortfall in days that occurred in the previous standard accounting years, i.e., 52 weeks x 7 only equals 364 days, not 365 days.
More details about how this affects your rent charges can be found on our website: ecs.page.link/Bx4U9
If you claim the housing element of Universal Credit, don’t forget to update your new rent via your UC portal.
4 CommentsComment on Facebook
Does that mean next year is a 51 week year?
Note to all universal credit does NOT cover that extra week, so you ll have to find it out of your own pocket.
This is quite good to know, even tho I am a greensquare tenant. Thanks for the heads up Selwood Housing
These rents are becoming astronomical, it's becoming cheaper to go private sector after the second 7.7% rise in two consecutive years.
Good luck to our group development director, Paul Walsh, and everyone else taking part in tonight's SleepOutDoorway Wiltshireshire. You're all supporting such vital work and we know the charity, and those they support, will hugely appreciate your involvement.
5 CommentsComment on Facebook
Well done Paul 👏🏼
Good luck paul!
Good luck Paul!! 🤩
Thinking of you tonight Paul ☂️💧
Good Luck Paul !
