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Written Question
Help to Save Scheme
Monday 13th February 2023

Asked by: Paul Maynard (Conservative - Blackpool North and Cleveleys)

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, if he will make an estimate of the average time between Help to Save account holders making their first and second payments.

Answered by Andrew Griffith - Minister of State (Department for Science, Innovation and Technology)

The number of Help to Save accounts opened each month up to the end of March 2022 are published in the Annual Savings Statistics: https://www.gov.uk/government/statistics/annual-savings-statistics-2022. The relevant information can be found in tab 2 of the document “Help to Save tables: June 2022”. This information will be updated in the next edition of the Annual Savings Statistics, due to be published in June 2023.

We cannot provide an estimate of the proportion of people who pay into their Help to Save account each month. This would exceed the cost limit due to data matching and cleansing.

We cannot provide an estimate of the number or proportion of individuals who have made consecutive payments into their Help to Save accounts over a period of six months. This would exceed the cost limit due to data matching and cleansing.

As of end of December 2022, based on closed accounts, the average length of time a Help to Save account remained open was 3 years and 11 months.

As of end of December 2022:

  1. 257,000 accounts have remained open for at least two years,
  2. 81,000 accounts have remained open for the maximum of four years.

As of end of December 2022, to the nearest £5:

  1. The average bonus at the end of the second year was £395, out of a maximum £600,
  2. The average bonus at the end of the fourth year was £450 out of a maximum £600.
  3. Please note that because bonuses are only paid out for those who save, not all accounts received a bonus. We have excluded accounts that did not receive a bonus from our calculated average bonuses.

We cannot provide an estimate of the average length of time between Help to Save account holders’ first and second payments. This would exceed the cost limit due to data matching and cleansing.

Written Question
Help to Save Scheme
Monday 13th February 2023

Asked by: Paul Maynard (Conservative - Blackpool North and Cleveleys)

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what the average bonus was for a Help to Save scheme account since the introduction of that scheme.

Answered by Andrew Griffith - Minister of State (Department for Science, Innovation and Technology)

The number of Help to Save accounts opened each month up to the end of March 2022 are published in the Annual Savings Statistics: https://www.gov.uk/government/statistics/annual-savings-statistics-2022. The relevant information can be found in tab 2 of the document “Help to Save tables: June 2022”. This information will be updated in the next edition of the Annual Savings Statistics, due to be published in June 2023.

We cannot provide an estimate of the proportion of people who pay into their Help to Save account each month. This would exceed the cost limit due to data matching and cleansing.

We cannot provide an estimate of the number or proportion of individuals who have made consecutive payments into their Help to Save accounts over a period of six months. This would exceed the cost limit due to data matching and cleansing.

As of end of December 2022, based on closed accounts, the average length of time a Help to Save account remained open was 3 years and 11 months.

As of end of December 2022:

  1. 257,000 accounts have remained open for at least two years,
  2. 81,000 accounts have remained open for the maximum of four years.

As of end of December 2022, to the nearest £5:

  1. The average bonus at the end of the second year was £395, out of a maximum £600,
  2. The average bonus at the end of the fourth year was £450 out of a maximum £600.
  3. Please note that because bonuses are only paid out for those who save, not all accounts received a bonus. We have excluded accounts that did not receive a bonus from our calculated average bonuses.

We cannot provide an estimate of the average length of time between Help to Save account holders’ first and second payments. This would exceed the cost limit due to data matching and cleansing.

Written Question
Help to Save Scheme
Monday 13th February 2023

Asked by: Paul Maynard (Conservative - Blackpool North and Cleveleys)

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, if he will make an estimate of the number and proportion of people who have made consecutive monthly payments into their Help to Save account over a period of at least six months.

Answered by Andrew Griffith - Minister of State (Department for Science, Innovation and Technology)

The number of Help to Save accounts opened each month up to the end of March 2022 are published in the Annual Savings Statistics: https://www.gov.uk/government/statistics/annual-savings-statistics-2022. The relevant information can be found in tab 2 of the document “Help to Save tables: June 2022”. This information will be updated in the next edition of the Annual Savings Statistics, due to be published in June 2023.

We cannot provide an estimate of the proportion of people who pay into their Help to Save account each month. This would exceed the cost limit due to data matching and cleansing.

We cannot provide an estimate of the number or proportion of individuals who have made consecutive payments into their Help to Save accounts over a period of six months. This would exceed the cost limit due to data matching and cleansing.

As of end of December 2022, based on closed accounts, the average length of time a Help to Save account remained open was 3 years and 11 months.

As of end of December 2022:

  1. 257,000 accounts have remained open for at least two years,
  2. 81,000 accounts have remained open for the maximum of four years.

As of end of December 2022, to the nearest £5:

  1. The average bonus at the end of the second year was £395, out of a maximum £600,
  2. The average bonus at the end of the fourth year was £450 out of a maximum £600.
  3. Please note that because bonuses are only paid out for those who save, not all accounts received a bonus. We have excluded accounts that did not receive a bonus from our calculated average bonuses.

We cannot provide an estimate of the average length of time between Help to Save account holders’ first and second payments. This would exceed the cost limit due to data matching and cleansing.

Written Question
Help to Save Scheme
Monday 13th February 2023

Asked by: Paul Maynard (Conservative - Blackpool North and Cleveleys)

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what the average length of time was that a Help to Save account remained open since the introduction of that scheme.

Answered by Andrew Griffith - Minister of State (Department for Science, Innovation and Technology)

The number of Help to Save accounts opened each month up to the end of March 2022 are published in the Annual Savings Statistics: https://www.gov.uk/government/statistics/annual-savings-statistics-2022. The relevant information can be found in tab 2 of the document “Help to Save tables: June 2022”. This information will be updated in the next edition of the Annual Savings Statistics, due to be published in June 2023.

We cannot provide an estimate of the proportion of people who pay into their Help to Save account each month. This would exceed the cost limit due to data matching and cleansing.

We cannot provide an estimate of the number or proportion of individuals who have made consecutive payments into their Help to Save accounts over a period of six months. This would exceed the cost limit due to data matching and cleansing.

As of end of December 2022, based on closed accounts, the average length of time a Help to Save account remained open was 3 years and 11 months.

As of end of December 2022:

  1. 257,000 accounts have remained open for at least two years,
  2. 81,000 accounts have remained open for the maximum of four years.

As of end of December 2022, to the nearest £5:

  1. The average bonus at the end of the second year was £395, out of a maximum £600,
  2. The average bonus at the end of the fourth year was £450 out of a maximum £600.
  3. Please note that because bonuses are only paid out for those who save, not all accounts received a bonus. We have excluded accounts that did not receive a bonus from our calculated average bonuses.

We cannot provide an estimate of the average length of time between Help to Save account holders’ first and second payments. This would exceed the cost limit due to data matching and cleansing.

Written Question
Help to Save Scheme
Monday 13th February 2023

Asked by: Paul Maynard (Conservative - Blackpool North and Cleveleys)

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, how many people have kept their Help to Save accounts open up to the (a) two and (b) four year bonus deadlines.

Answered by Andrew Griffith - Minister of State (Department for Science, Innovation and Technology)

The number of Help to Save accounts opened each month up to the end of March 2022 are published in the Annual Savings Statistics: https://www.gov.uk/government/statistics/annual-savings-statistics-2022. The relevant information can be found in tab 2 of the document “Help to Save tables: June 2022”. This information will be updated in the next edition of the Annual Savings Statistics, due to be published in June 2023.

We cannot provide an estimate of the proportion of people who pay into their Help to Save account each month. This would exceed the cost limit due to data matching and cleansing.

We cannot provide an estimate of the number or proportion of individuals who have made consecutive payments into their Help to Save accounts over a period of six months. This would exceed the cost limit due to data matching and cleansing.

As of end of December 2022, based on closed accounts, the average length of time a Help to Save account remained open was 3 years and 11 months.

As of end of December 2022:

  1. 257,000 accounts have remained open for at least two years,
  2. 81,000 accounts have remained open for the maximum of four years.

As of end of December 2022, to the nearest £5:

  1. The average bonus at the end of the second year was £395, out of a maximum £600,
  2. The average bonus at the end of the fourth year was £450 out of a maximum £600.
  3. Please note that because bonuses are only paid out for those who save, not all accounts received a bonus. We have excluded accounts that did not receive a bonus from our calculated average bonuses.

We cannot provide an estimate of the average length of time between Help to Save account holders’ first and second payments. This would exceed the cost limit due to data matching and cleansing.

Written Question
Help to Save Scheme
Monday 13th February 2023

Asked by: Paul Maynard (Conservative - Blackpool North and Cleveleys)

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, if he will make an estimate of the proportion of people with a Help to Save account who pay in every month.

Answered by Andrew Griffith - Minister of State (Department for Science, Innovation and Technology)

The number of Help to Save accounts opened each month up to the end of March 2022 are published in the Annual Savings Statistics: https://www.gov.uk/government/statistics/annual-savings-statistics-2022. The relevant information can be found in tab 2 of the document “Help to Save tables: June 2022”. This information will be updated in the next edition of the Annual Savings Statistics, due to be published in June 2023.

We cannot provide an estimate of the proportion of people who pay into their Help to Save account each month. This would exceed the cost limit due to data matching and cleansing.

We cannot provide an estimate of the number or proportion of individuals who have made consecutive payments into their Help to Save accounts over a period of six months. This would exceed the cost limit due to data matching and cleansing.

As of end of December 2022, based on closed accounts, the average length of time a Help to Save account remained open was 3 years and 11 months.

As of end of December 2022:

  1. 257,000 accounts have remained open for at least two years,
  2. 81,000 accounts have remained open for the maximum of four years.

As of end of December 2022, to the nearest £5:

  1. The average bonus at the end of the second year was £395, out of a maximum £600,
  2. The average bonus at the end of the fourth year was £450 out of a maximum £600.
  3. Please note that because bonuses are only paid out for those who save, not all accounts received a bonus. We have excluded accounts that did not receive a bonus from our calculated average bonuses.

We cannot provide an estimate of the average length of time between Help to Save account holders’ first and second payments. This would exceed the cost limit due to data matching and cleansing.

Written Question
Help to Save Scheme
Monday 13th February 2023

Asked by: Paul Maynard (Conservative - Blackpool North and Cleveleys)

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, how many people have opened a Help to Save account in each year since its introduction.

Answered by Andrew Griffith - Minister of State (Department for Science, Innovation and Technology)

The number of Help to Save accounts opened each month up to the end of March 2022 are published in the Annual Savings Statistics: https://www.gov.uk/government/statistics/annual-savings-statistics-2022. The relevant information can be found in tab 2 of the document “Help to Save tables: June 2022”. This information will be updated in the next edition of the Annual Savings Statistics, due to be published in June 2023.

We cannot provide an estimate of the proportion of people who pay into their Help to Save account each month. This would exceed the cost limit due to data matching and cleansing.

We cannot provide an estimate of the number or proportion of individuals who have made consecutive payments into their Help to Save accounts over a period of six months. This would exceed the cost limit due to data matching and cleansing.

As of end of December 2022, based on closed accounts, the average length of time a Help to Save account remained open was 3 years and 11 months.

As of end of December 2022:

  1. 257,000 accounts have remained open for at least two years,
  2. 81,000 accounts have remained open for the maximum of four years.

As of end of December 2022, to the nearest £5:

  1. The average bonus at the end of the second year was £395, out of a maximum £600,
  2. The average bonus at the end of the fourth year was £450 out of a maximum £600.
  3. Please note that because bonuses are only paid out for those who save, not all accounts received a bonus. We have excluded accounts that did not receive a bonus from our calculated average bonuses.

We cannot provide an estimate of the average length of time between Help to Save account holders’ first and second payments. This would exceed the cost limit due to data matching and cleansing.

Written Question
Members: Correspondence
Thursday 19th January 2023

Asked by: Paul Maynard (Conservative - Blackpool North and Cleveleys)

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, when he will respond to correspondence of 18 October 2022 from the hon. Member for Blackpool North and Cleveleys on behalf of a constituent on duplicate VAT invoicing.

Answered by Victoria Atkins - Secretary of State for Health and Social Care

I would like to reassure the hon. Member that I have responded to this letter on 19 January 2023.

Written Question
Members: Correspondence
Tuesday 13th December 2022

Asked by: Paul Maynard (Conservative - Blackpool North and Cleveleys)

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, when he plans to respond to the correspondence from the hon. Member for Blackpool North and Cleveleys of 12 September 2022 on taxation on children’s footwear.

Answered by Victoria Atkins - Secretary of State for Health and Social Care

A response was sent to Paul Maynard MP on 11 October and a further copy has been sent to him on 6 December.

Written Question
Members: Correspondence
Wednesday 18th May 2022

Asked by: Paul Maynard (Conservative - Blackpool North and Cleveleys)

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, when he plans to reply to the correspondence from the hon. Member for Blackpool North and Cleveleys of 9 February 2022 on behalf of constituents regarding energy rebates.

Answered by Helen Whately - Minister of State (Department of Health and Social Care)

I have responded to the hon. Member.