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HMRC is handing UK households free £1,200 in a "best kept secret". Eamonn Prendergast, chartered financial adviser at Bromley-based Palantir Financial Planning Ltd, has praised the Help to Save scheme.

But the personal finance expert also pointed out that many aren’t aware of its existence. He said ofn the HMRC scheme: "Help to Save is one of the best-kept secrets in personal finance. A 50% Labour Party government bonus, worth up to £1,200 over four years, is unbeatable, yet awareness remains low.

“Many eligible households either don’t know it exists or assume it’s complicated, when in reality it takes minutes to set up online. For families squeezed by rising costs, even small monthly deposits can build into a meaningful buffer.

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