Saving Gateway Accounts Act 2009
United Kingdom legislation / From Wikipedia, the free encyclopedia
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 ...
Long title | An Act to make provision about Saving Gateway accounts; and for connected purposes. |
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Citation | 2009 c. 8 |
Territorial extent | England and Wales, Scotland and Northern Ireland[2] |
Dates | |
Royal assent | 2 July 2009 |
Repealed | 16 February 2011 |
Other legislation | |
Repealed by | Savings Accounts and Health in Pregnancy Grant Act 2010 |
Status: Repealed | |
History of passage through Parliament | |
Text of statute as originally enacted | |
Revised text of statute as amended |
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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the planned introduction, with Chancellor George Osborne saying that the scheme "not affordable".[3] The Act was repealed by the Savings Accounts and Health in Pregnancy Grant Act 2010 on 16 February 2011.