The Chartered Institute of Payroll Professionals
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The customer must be a UK resident and: •
receive Working Tax Credit (WTC); or
• Have a nil award of WTC but receiving Child Tax Credit; or • in receipt of Universal Credit with minimum household earnings equivalent to 16 hours times the National Living Wage in their last income assessment period. If someone is part of a joint award and eligible for Help to Save, they can each open an account.
Accounts are easy to use, flexible and secure, allowing people to save anything from £1 to £50 per month. Customers can pay in as many times as they like, but the most they can pay in each month is £50. Customers saving the maximum £2,400 over a four-year period will receive a total government bonus of up to £1,200. Bonuses are paid after 2 and 4 years. The scheme has recently been extended until April 2025. Andrew Griffith, Economic Secretary to the Treasury, said: Millions of people could benefit from a boost to their savings through Help to Save and thanks to our Spring Budget reforms the scheme has been extended until 2025. Whatever amount you can save will trigger a top up from the Government, so take advantage and apply today. You can find out more about how to apply here: Get help with savings if you’re on a low income (Help to Save): How it works - GOV.UK (www.gov.uk)
A video explanation is also available: Help to Save savings explained - YouTube
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National Insurance numbers can now be saved to the Apple Wallet Published: 4 July 2023 Emailed: 5 July 2023 Individuals with an Apple iPhone can now store their National Insurance (NI) number in their Apple Wallet either online or through the HM Revenue and Customs (HMRC) App. HMRC also published this information in the June 2023 issue of the Employer Bulletin. This also means that employees may provide proof of their NI number using their Apple Wallet rather than through the HMRC NI number confirmation letter. HMRC wants to reassure employers that this is genuine and should be accepted in the same way a letter would be. HMRC reported that issuing NI number confirmation letters by post, can take up to 15 days. With this new feature employees’ NI numbers can be viewed, shared and printed in the HMRC App within minutes and saved for future use. However, employers must ensure that the employee’s name matches what is shown in the Apple Wallet. If a record of it is needed for internal processes, a request for a screenshot can be made to the employee.
HMRC are currently working to give Android phone users the ability to save their NI number to their Google Wallet. A further update will be provided when this is released.
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HMRC: planned downtime Published: 5 July 2023 Emailed: 5 July 2023
HM Revenue and Customs (HMRC) has now updated the GOV.UK guidance and advised of planned downtime.
Below are the key updates for this week:
• making tax digital (MTD) for income tax: service availability and issues – there is planned downtime from 5:00pm on Friday 7 July 2023 to 9:00am on Monday 10 July 2023
cipp.org.uk
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