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Interim evaluation of saving gateway 2

Emmerson, C.; Tetlow, G.; Wakefield, M.; (2006) Interim evaluation of saving gateway 2. HM Treasury: London, UK. Green open access

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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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