Following the news that the government has save-extended-to-april-2025?utm_medium=email&utm_campaign=govuk-notifications-topic&utm_source=316a7474-0f7f-4290-a99a-279e316f9132&utm_content=immediately”extended Help to Save until 2025, Rachael Griffin, tax and financial planning expert at Quilter, has commented:
“The news that HM Revenue and Customs (HMRC) is extending the Help to Save scheme until April 2025 is a sensible decision given the state of the nation’s finances at the moment with people needing all the help they can get. Over 359,200 people have already reaped the benefits of the scheme since its launch in 2018 and a potential 3 million more individuals can be positively impacted by this extension.
“In the current economic climate, it becomes even more crucial to still carve out a portion of income for savings to help ward against any big financial shocks that can cause people to go into a spiral of debt. Saving is not just about tucking away pounds for a rainy