Latest news on the Bill

Following agreement by both Houses on the text of the Bill it received Royal Assent on 2 July. The Bill is now an Act of Parliament.

• Lords Hansard: Royal Assent

Summary of the Bill

This short Bill establishes a Government-subsidised savings scheme for people of working age on low incomes and in receipt of specified benefits. The scheme is voluntary and eligibility is on an individual basis.  The Saving Gateway has been trialled in several regions of the UK; the Bill establishes a scheme for the whole country.

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