The Saving Gateway Accounts Act 2009 (c. 8) is an act of the Parliament of the United Kingdom. It made provision for saving gateway accounts.
The act was originally planned to commence in July 2010, and was aimed at encouraging the poorest to save.
Following the 2010 General Election, the new Coalition government scrapped the planned introduction, with Chancellor George Osborne saying that the scheme "not affordable". The Act was repealed by the Savings Accounts and Health in Pregnancy Grant Act 2010 on 16 February 2011.
References
- "Saving Gateway Accounts Act 2009". Current Law Statutes Annotated 2009. Sweet & Maxwell. Thomson Reuters. 2010. Volume 1. Chapter 8. pp 8-1 to 8-16.
- "Saving Gateway Accounts Act 2009". Halsbury's Statutes of England and Wales. Fourth Edition. LexisNexis. Current Statutes Service.
- Ryder, Griffiths and Singh. "The Saving Gateway". Commercial Law: Principles and Policy. 2012. p 516.
- Callaghan, Fribbance and Higginson. Personal Finance. Second Edition. Palgrave Macmillan. 2012. p 224.
External links
- Explanatory notes to the Saving Gateway Accounts Act 2009, from the National Archives.