The Saving Gateway Accounts Regulations 2009
PART 1Introductory and Eligibility
1Citation and commencement
2Interpretation
3Eligible persons – entitlement to working tax credit or child tax credit
4Eligible persons – connection with the U.K.
5Notices of eligibility
6Opening of account by a person who has received a notice of eligibility
7Maturity period (and payment of maturity payments or death payments)
8Account ceasing to be a Saving Gateway account (and rollover certificates)
9Government contribution rate
PART 2Other requirements to be satisfied in relation to accounts
10General requirements for accounts
11Limit on sums paid into the account
12Statements for an account
13Conditions for application to open an account
14Account provider – qualifications and Commissioners’ approval
15Approved account provider – appointment of tax representative
16Account provider – withdrawal by Commissioners of approval
17Approved account provider ceasing to act
18Account provider ceasing to qualify
19Transfer of accounts to other account providers
20Recoupment of maturity payments and death payments etc.
21“Repair” of invalid accounts
PART 3Requirements relating to administration of accounts
22Monthly return and financial claim
23Records to be kept by account provider
24Information to be provided to the Commissioners
25Inspection of records by officer of Revenue and Customs

Draft Regulations laid before Parliament under section 28(4) and (7) of the Saving Gateway Accounts Act 2009, for approval by resolution of each House of Parliament.

2009 No.

Saving Gateway Accounts

The Saving Gateway Accounts Regulations 2009

Made

Coming into force

A draft of this instrument has been laid before Parliament in accordance with section 28(4) and (7) of the Saving Gateway Accounts Act 20091 and approved by a resolution of each House of Parliament.

Accordingly, the Treasury make the following Regulations in exercise of the powers conferred by sections 2(2) and (3), 3(1)(b), (5) and (6), 4 to 7, 8(1) and (4), 9 to 12, 16, 17, 24(4) and 28(1) and (2) of the Saving Gateway Accounts Act 2009: