Saving Gateway Accounts Act 2009
Act of the Parliament of the United Kingdom
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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.
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Long titleAn Act to make provision about Saving Gateway accounts; and for connected purposes.
Introduced byAlistair Darling MP, Chancellor of the Exchequer (Commons)
Lord Myners (Lords)
Lord Myners (Lords)
Territorial extent[b]
| Act of Parliament | |
| |
| 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| Repealed | 16 February 2011 |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| Repealed by | Savings Accounts and Health in Pregnancy Grant Act 2010 |
Status: Repealed | |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| Text of statute as originally enacted | |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 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The whole act was repealed by section 2(1) of the Savings Accounts and Health in Pregnancy Grant Act 2010, which came into force on 16 February 2011.[2]
