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Budget
12 March 2008
The Saving Gateway is a cash saving scheme for those on lower incomes. Saving is incentivised through matching - a government contribution for each pound saved. The Saving Gateway aims to help to kick-start a savings habit and promote financial inclusion through encouraging engagement with mainstream financial services.
Eligibility for the scheme will be passported from the following benefits and tax credits:
The Saving Gateway was first proposed in 2001, and has since been consulted on twice. Two pilots have taken place confirming the success of matching as a saving incentive and the financial inclusion benefits of the scheme.
The Saving Gateway: operating a national scheme is available in Adobe Acrobat Portable Document Format (PDF). If you do not have Adobe Acrobat installed on your computer you can download the software free of charge from the Adobe website . For alternative ways to read PDF documents and further information on website accessibility visit the HM Treasury accessibility page .
