The Savings Accounts and Health in Pregnancy Grant Act 2010 (c. 36) is an act of the Parliament of the United Kingdom. It ends government support of Child Trust Funds, the Saving Gateway and the Health in Pregnancy Grant.
Provisions The act amends the Child Trust Funds Act 2004 by closing the funds to new applicants starting in January 2011. Existing accounts would however continue to function as before. The Act also repealed the Saving Gateway Accounts Act 2009 and removed the Health in Pregnancy Grant.
Reception The Labour Party accused the Conservatives of reneging on their election pledge to not abolish Child Trust Funds.
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References
External links
Savings Accounts and Health in Pregnancy Grant Bill – official page on UK Parliament website