Saving Gateway Accounts Act 2009
| Act of Parliament | |
.svg.png) | |
| Long title | An Act to make provision about Saving Gateway accounts; and for connected purposes. |
|---|---|
| Citation | 2009 c. 8 |
| Introduced by | Alistair Darling MP, Chancellor of the Exchequer (Commons) Lord Myners (Lords) |
| Territorial extent | [b] |
| Dates | |
| Royal assent | 2 July 2009 |
| Commencement |
|
| Repealed | 16 February 2011 |
| Other legislation | |
| Amends | |
| Repealed by | Savings Accounts and Health in Pregnancy Grant Act 2010 |
Status: Repealed | |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| Text of statute as originally enacted | |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 | |
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.[1]
Subsequent developments
Following the 2010 General Election, the new Coalition government scrapped the planned introduction, with Chancellor George Osborne saying that the scheme "not affordable".[1]
The whole act was repealed by section 2(1) of the Savings Accounts and Health in Pregnancy Grant Act 2010, which came into force on 16 February 2011.[2]
Notes
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
- Text of the Saving Gateway Accounts Act 2009 as originally enacted or made within the United Kingdom, from legislation.gov.uk.
- Explanatory notes to the Saving Gateway Accounts Act 2009, from the National Archives.