Savings Accounts and Health in Pregnancy Grant Act 2010
Encyclopedia
The Savings Accounts and Health in Pregnancy Grant Act 2010 (c. 36) is an Act
of the Parliament of the United Kingdom
. It ends government support of Child Trust Fund
s, the Saving Gateway and the Health in Pregnancy Grant.
The Act amends the Child Trust Funds Act 2004
by closing the funds to new applicants starting in January 2011. Existing accounts would however continue to function as before. The Act also repeals the Saving Gateway Accounts Act 2009
.
Act of Parliament
An Act of Parliament is a statute enacted as primary legislation by a national or sub-national parliament. In the Republic of Ireland the term Act of the Oireachtas is used, and in the United States the term Act of Congress is used.In Commonwealth countries, the term is used both in a narrow...
of the Parliament of the United Kingdom
Parliament of the United Kingdom
The Parliament of the United Kingdom of Great Britain and Northern Ireland is the supreme legislative body in the United Kingdom, British Crown dependencies and British overseas territories, located in London...
. It ends government support of Child Trust Fund
Child Trust Fund
A Child Trust Fund is a long-term savings or investment account for children in the United Kingdom. New accounts cannot be created but existing accounts can receive new money...
s, the Saving Gateway and the Health in Pregnancy Grant.
The Act amends the Child Trust Funds Act 2004
Child Trust Funds Act 2004
The Child Trust Funds Act 2004 is an Act of the Parliament of the United Kingdom.-Section 2 - Elligible children:This section is amended by section 1 of the Savings Accounts and Health in Pregnancy Grant Act 2010....
by closing the funds to new applicants starting in January 2011. Existing accounts would however continue to function as before. The Act also repeals the Saving Gateway Accounts Act 2009
Saving Gateway Accounts Act 2009
The Saving Gateway Accounts Act 2009 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....
.
External links
- Savings Accounts and Health in Pregnancy Grant Bill – official page on UK Parliament website