The Saving Gateway Accounts Regulations 2009

1. Introductory Text

2. PART 1 Introductory and Eligibility

   1. 1. Citation and commencement

   2. 2. Interpretation

   3. 3. Eligible persons – entitlement to working tax credit or child tax credit

   4. 4. Eligible persons – connection with the U.K.

   5. 5. Notices of eligibility

   6. 6. Opening of account by a person who has received a notice of eligibility

   7. 7. Maturity period (and payment of maturity payments or death payments)

   8. 8. Account ceasing to be a Saving Gateway account (and rollover certificates)

   9. 9. Government contribution rate

3. PART 2 Other requirements to be satisfied in relation to accounts

   1. 10. General requirements for accounts

   2. 11. Limit on sums paid into the account

   3. 12. Statements for an account

   4. 13. Conditions for application to open an account

   5. 14. Account provider – qualifications and Commissioners’ approval

   6. 15. Approved account provider – appointment of tax representative

   7. 16. Account provider – withdrawal by Commissioners of approval

   8. 17. Approved account provider ceasing to act

   9. 18. Account provider ceasing to qualify

   10. 19. Transfer of accounts to other account providers

   11. 20. Recoupment of maturity payments and death payments etc.

   12. 21. “Repair” of invalid accounts

4. PART 3 Requirements relating to administration of accounts

   1. 22. Monthly return and financial claim

   2. 23. Records to be kept by account provider

   3. 24. Information to be provided to the Commissioners

   4. 25. Inspection of records by officer of Revenue and Customs

5. Signature

6. Explanatory Note