iBet uBet web content aggregator. Adding the entire web to your favor.
iBet uBet web content aggregator. Adding the entire web to your favor.



Link to original content: http://www.legislation.gov.uk/id/ukpga/2017/2
Savings (Government Contributions) Act 2017

Search Legislation

Savings (Government Contributions) Act 2017

Changes to legislation:

There are currently no known outstanding effects for the Savings (Government Contributions) Act 2017. Help about Changes to Legislation

Close

Changes to Legislation

Revised legislation carried on this site may not be fully up to date. At the current time any known changes or effects made by subsequent legislation have been applied to the text of the legislation you are viewing by the editorial team. Please see ‘Frequently Asked Questions’ for details regarding the timescales for which new effects are identified and recorded on this site.

  1. Introductory Text

  2. 1.Government contributions to Lifetime ISAs

  3. 2.Government contributions to Help-to-Save accounts

  4. 3.Income tax treatment of Government contributions under section 1 or 2

  5. 4.Regulations

  6. 5.Interpretation and amendments

  7. 6.Short title and commencement

  8. SCHEDULES

    1. SCHEDULE 1

      Lifetime ISAs: further provision

      1. Part 1 Introductory

        1. Interpretation: meaning of “bonus”, “plan manager” and “document”

          1. 1.(1) In this Schedule “bonus” means a government bonus under...

        2. HMRC responsible for administration of bonuses and withdrawal charges

          1. 2.(1) HMRC are responsible for— (a) the payment and management...

      2. Part 2 Payment of government bonuses

        1. Claims for bonuses

          1. 3.(1) Treasury regulations may— (a) provide that a bonus is...

        2. Recovery of wrongly-paid bonus

          1. 4.(1) Treasury regulations may provide for the repayment of any...

        3. Penalties for inaccuracies in claims

          1. 5.(1) This paragraph applies where— (a) a claim for a...

        4. Information notice may require information related to claim for bonus

          1. 6.(1) This paragraph applies where a claim is made for...

      3. Part 3 Charges on some withdrawals from Lifetime ISAs

        1. Withdrawals not triggering charge

          1. 7.(1) Paragraph 8 does not apply to a withdrawal from...

        2. Charge when non-exempt withdrawal made

          1. 8.(1) Except as provided by or under paragraph 7, this...

        3. Payment of withdrawal charges

          1. 9.(1) Treasury regulations may make provision— (a) for requiring a...

        4. Information notice may require information related to withdrawals

          1. 10.(1) This paragraph applies if there is a time when...

        5. Meaning of “investor” and “withdrawal”

          1. 11.Treasury regulations may make provision about— (a) who, for purposes...

      4. Part 4 Enforcement of information requirements

        1. Penalties for inaccuracies in information provided in response to requirements

          1. 12.(1) This paragraph applies where— (a) in complying with a...

        2. Power to inspect documents relating to claims

          1. 13.(1) This paragraph applies where a claim is made for...

        3. Power to inspect documents relating to withdrawals

          1. 14.(1) This paragraph applies if there is a time when...

        4. Supplementary provisions about inspections

          1. 15.(1) The powers under paragraph 13(2) or 14(2)—

        5. Penalties for non-compliance with information requirements

          1. 16.(1) Sub-paragraph (2) applies to a person who—

      5. Part 5 Further provision about penalties

        1. Penalties for dishonesty

          1. 17.(1) Sub-paragraph (2) applies to a person who dishonestly does...

      6. Part 6 Information sharing

        1. Information sharing between HMRC and others

          1. 18.(1) Sub-paragraph (2) applies to information which—

    2. SCHEDULE 2

      Help-to-Save accounts: further provision

      1. Part 1 Introductory

        1. Interpretation: meaning of “bonus”

          1. 1.In this Schedule “bonus” means a government bonus under section...

        2. HMRC responsibility for administration of bonuses

          1. 2.HMRC are responsible for the payment and management of bonuses,...

        3. Interpretation: meaning of “Help-to-Save account”

          1. 3.(1) For the purposes of this Act, an account is...

      2. Part 2 Eligibility

        1. “Eligible person”

          1. 4.(1) For the purposes of this Schedule, an individual is...

        2. Benefit entitlement conditions: working tax credit

          1. 5.(1) The first benefit entitlement condition is that—

        3. Benefit entitlement conditions: universal credit

          1. 6.(1) The second benefit entitlement condition is that—

        4. UK connection condition

          1. 7.(1) The individual meets the “UK connection condition” if the...

        5. Power to make further provision about eligibility

          1. 8.(1) Treasury regulations may— (a) specify benefit entitlement conditions other...

      3. Part 3 Account providers and features of accounts

        1. Authorised account providers

          1. 9.(1) Help-to-Save accounts may be provided only by an authorised...

        2. Required features of Help-to-Save accounts

          1. 10.(1) An account is not a Help-to-Save account unless—

        3. Opening a Help-to-Save account

          1. 11.(1) A Help-to-Save account may be opened for an individual...

        4. Account provider to be notified about absence from UK

          1. 12.(1) Treasury regulations may, in connection with any stipulation that...

        5. Further provision about Help-to-Save accounts

          1. 13.(1) Treasury regulations may, in relation to cases where the...

        6. Successor accounts for certain Help-to-Save accounts

          1. 13A.(1) In this paragraph “matured account” means an account provided...

        7. Accounts wrongly treated as Help-to-Save accounts

          1. 14.(1) Treasury regulations may make provision having effect in a...

      4. Part 4 Government bonuses

        1. Calculation and payment of government bonuses

          1. 15.(1) The individual for whom a Help-to-Save account is opened...

        2. Recovery of wrongly-paid bonus

          1. 16.(1) Treasury regulations may provide for the repayment of any...

      5. Part 5 Information

        1. Information sharing between HMRC and others

          1. 17.(1) Sub-paragraph (2) applies to information which is held as...

        2. Claims and returns

          1. 18.(1) Treasury regulations may— (a) provide that a bonus is...

        3. Information notices

          1. 19.(1) An officer of Revenue and Customs may by notice...

        4. Penalties for inaccuracies in information provided in response to requirements

          1. 20.(1) This paragraph applies where— (a) in complying with a...

        5. Power to inspect documents relating to claims

          1. 21.(1) This paragraph applies where a claim is made by...

        6. Penalties for non-compliance with information requirements

          1. 22.(1) Sub-paragraph (2) applies to a person who—

          2. 23.(1) Sub-paragraph (2) applies to a person who, in complying...

        7. Interpretation: meaning of “document”

          1. 24.In this Part of this Schedule “document” includes a part...

Back to top

Options/Help

Print Options

Close

Legislation is available in different versions:

Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.

Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.

Close

Opening Options

Different options to open legislation in order to view more content on screen at once

Close

More Resources

Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as enacted version that was used for the print copy
  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • correction slips
  • links to related legislation and further information resources
Close

Timeline of Changes

This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.

Close

More Resources

Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as enacted version that was used for the print copy
  • correction slips

Click 'View More' or select 'More Resources' tab for additional information including:

  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • links to related legislation and further information resources