Emmerson, C.;
Tetlow, G.;
Wakefield, M.;
(2006)
Interim evaluation of saving gateway 2.
HM Treasury: London, UK.
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Abstract
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.
| Type: | Report |
|---|---|
| Title: | Interim evaluation of saving gateway 2 |
| Open access status: | An open access version is available from UCL Discovery |
| Publisher version: | http://www.hm-treasury.gov.uk/saving_gateway.htm |
| Language: | English |
| Additional information: | © Crown copyright 2006. Reproduced under the Click-Use Licence |
| UCL classification: | UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of S&HS > Dept of Economics |
| URI: | https://discovery.ucl.ac.uk/id/eprint/18372 |
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