Saving Gateway Accounts Act 2009

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The Saving Gateway Accounts Act 2009[1]
Long title An Act to make provision about Saving Gateway accounts; and for connected purposes.
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Repealed 16 February 2011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Repealed by Savings Accounts and Health in Pregnancy Grant Act 2010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: Current legislation
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Text of statute as originally enacted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.[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the planned introduction, with Chancellor George Osborne saying that the scheme "not affordable".[3] The Act was repealed by the Savings Accounts and Health in Pregnancy Grant Act 2010 on 16 February 2011.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[edit]

  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. ^ The Saving Gateway Accounts Act 2009, section 32
  3. ^ a b "Budget: Saving Gateway scheme is scrapped". BBC News Online. 22 June 2010. 

External links[edit]

Explanatory notes to the Saving Gateway Accounts Act 2009, from the National Archives.