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Explanatory note

Original text. Later amendments are not shown.

(This note is not part of the Regulations)

These Regulations amend the Help-to-Save Accounts Regulations 2018 (S. I. 2018/87) (“the 2018 Regulations”).

Regulation 1 provides for citation and commencement.

Regulation 2 makes amendments to paragraphs (3)(b) and (6)(d) of regulation 3 of the 2018 Regulations.

Paragraph (3)(b) of regulation 3 is amended in respect of the eligibility criteria for Help-to-Save accounts for Universal Credit claimants so that the requirement is that claimants must earn at least £1 in the period specified in paragraph (3)(b).

Paragraph (6)(d) of regulation 3 is amended to remove the reference to the national living wage rate.

A Tax Information and Impact Note covering this instrument will be published on the website at https://www.gov.uk/government/collections/tax-information-and-impact-notes-tiins.