{
  "url": "https://openlegislation.uk/draft-helptosave-accounts-regulations-2018/regulation-11",
  "json_url": "https://openlegislation.uk/draft-helptosave-accounts-regulations-2018/regulation-11.json",
  "legislation": "ukdsi/2018/9780111162880",
  "legislation_title": "The Help–to–Save Accounts Regulations 2018",
  "legislation_url": "https://openlegislation.uk/draft-helptosave-accounts-regulations-2018",
  "path": "regulation/11",
  "kind": "regulation",
  "number": "11",
  "heading": "General requirements for Help-to-Save accounts",
  "text": "(1) A Help-to-Save account must satisfy the requirements that—\n(a) it is the account of a single individual (“the account holder”), who is “the applicant” in regulation 8;\n(b) the account is denominated in sterling; and\n(c) the account must at all times be managed in accordance with the Act and these Regulations by an authorised account provider and under terms agreed (the “agreed terms”) between the authorised account provider and the account holder.\n(2) Apart from other requirements of the Act and these Regulations, the agreed terms must include (or comply with, as the case may be) the conditions that—\n(a) the authorised account provider must pay the account holder, or in the case of death their personal representatives, any bonus due in accordance with regulation 13;\n(b) there is no restriction on the maximum or minimum amount or on timing (subject to the authorised account provider’s normal business hours) of withdrawals of the balance standing to the credit of the Help-to-Save account;\n(c) there is no requirement that a minimum credit balance must be maintained in the account (with the result that an account with a nil balance is not automatically closed);\n(d) the authorised account provider shall have no right of charge, lien, set-off, mortgage or other security against the money in the account; and\n(e) the authorised account provider shall satisfy itself that any person to whom it delegates any of its functions or responsibilities under the agreed terms is competent to carry out those functions or responsibilities.\n(3) HMRC is to determine whether an account meets the requirements imposed by these Regulations.\n(4) This regulation is subject to regulations 9 and 10.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukdsi/2018/9780111162880/regulation/11",
    "retrieved_at": "2026-10-30T15:05:42.851461+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}