TY  - GEN
CY  - London, UK
PB  - HM Treasury
Y1  - 2006/07//
A1  - Emmerson, C.
A1  - Tetlow, G.
A1  - Wakefield, M.
N2  - The Saving Gateway is a government initiative aimed at encouraging savings behaviour among people who do not usually save. Each pound placed into a Saving Gateway account is matched by the government at a certain rate and up to a monthly contribution limit. Matching provides a transparent and understandable incentive for eligible individuals to place funds in an account. An initial pilot of the Saving Gateway - SG1 - has already been conducted and evaluated. In the December 2004 Pre-Budget Report, the Chancellor of the Exchequer announced a new, larger scale, pilot of the Saving Gateway - SG2. Almost 21,500 individuals have opened SG2 accounts across six areas of England. The design of these accounts - in terms of the match rate and monthly contribution limit - varies across these areas. Alongside the financial incentive to place funds in a SG2 account, the pilots also offer financial education.
AV  - public
N1  - © Crown copyright 2006. Reproduced under the Click-Use Licence
ID  - discovery18372
TI  - Interim evaluation of saving gateway 2
UR  - http://www.hm-treasury.gov.uk/saving_gateway.htm
ER  -