Saving_Gateway_Accounts_Act_2009

Saving Gateway Accounts Act 2009

Saving Gateway Accounts Act 2009

United Kingdom legislation

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.

Quick Facts Long title, Citation ...

The Act was originally planned to commence in July 2010, and was aimed at encouraging the poorest to save.[3]

Following the 2010 General Election, the new Coalition government scrapped the planned introduction, with Chancellor George Osborne saying that the scheme "not affordable".[3] The Act was repealed by the Savings Accounts and Health in Pregnancy Grant Act 2010 on 16 February 2011.

References

  1. [1]
    The citation of this Act by this short title was authorised by section 33 of this Act. Due to the repeal of that provision, it is now authorised by section 19(2) of the Interpretation Act 1978.
  2. [2]
    The Saving Gateway Accounts Act 2009, section 32
  3. [3]
    "Budget: Saving Gateway scheme is scrapped". BBC News Online. 22 June 2010.
  • Explanatory notes to the Saving Gateway Accounts Act 2009, from the National Archives.


Stub icon

This legislation in the United Kingdom, or its constituent jurisdictions, article is a stub. You can help Wikipedia by expanding it.
Share this article:

This article uses material from the Wikipedia article Saving_Gateway_Accounts_Act_2009, and is written by contributors. Text is available under a CC BY-SA 4.0 International License; additional terms may apply. Images, videos and audio are available under their respective licenses.