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Explanatory note

Original text. Later amendments are not shown.

(This note is not part of the Order)

This Order brings into force various sections of the Saving Gateway Accounts Act 2009 (‘the Act’) on 1 January 2010.

Sections 4, 5, 23(1)(a), 24 and 25 of the Act relate to the approval of account providers by Her Majesty’s Commissioners for Revenue and Customs to offer and provide Saving Gateway accounts to persons eligible for a Saving Gateway account once the new Saving Gateway scheme is introduced under the Saving Gateway Accounts Act 2009 and to the provision of account providers’ right to appeal against any such refusal of approval by the Commissioners.

Section 18 of the Act amends sub-section 121F(2) of the Social Security Administration Act 1992 (c.5) and the corresponding provision in the Social Security Administration (Northern Ireland) Act 1992 (c.8) so as to allow the Department of Work and Pensions or the Secretary of State thereof to provide certain specified information to Her Majesty’s Revenue and Customs in connection with their functions relating to Saving Gateway accounts.