Citation 2009 c. 8 Repealed 16 February 2011 | Royal assent 2 July 2009 | |
 | ||
Long title An Act to make provision about Saving Gateway accounts; and for connected purposes. Territorial extent England and Wales, Scotland and Northern Ireland Repealed by Savings Accounts and Health in Pregnancy Grant Act 2010 | ||
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 The Act was repealed by the Savings Accounts and Health in Pregnancy Grant Act 2010 on 16 February 2011.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 Wikipedia(Text) CC BY-SA