Savings (Government Contributions) Act 2017
Savings (Government Contributions) Act 2017 (2017 c. 2)
- Savings (Government Contributions) Act 2017 (2017 c. 2)
- 1 Government contributions to Lifetime ISAs
- 2 Government contributions to Help-to-Save accounts
- 3 Income tax treatment of Government contributions under section 1 or 2
- 4 Regulations
- 5 Interpretation and amendments
- 6 Short title and commencement
- SCHEDULES
- SCHEDULE 1 Lifetime ISAs: further provision
- Part 1 Introductory
- Interpretation: meaning of “bonus”, “plan manager” and “document”
- HMRC responsible for administration of bonuses and withdrawal charges
- Part 2 Payment of government bonuses
- Claims for bonuses
- Recovery of wrongly-paid bonus
- Penalties for inaccuracies in claims
- Information notice may require information related to claim for bonus
- Part 3 Charges on some withdrawals from Lifetime ISAs
- Withdrawals not triggering charge
- Charge when non-exempt withdrawal made
- Payment of withdrawal charges
- Information notice may require information related to withdrawals
- Meaning of “investor” and “withdrawal”
- Part 4 Enforcement of information requirements
- Penalties for inaccuracies in information provided in response to requirements
- Power to inspect documents relating to claims
- Power to inspect documents relating to withdrawals
- Supplementary provisions about inspections
- Penalties for non-compliance with information requirements
- Part 5 Further provision about penalties
- Penalties for dishonesty
- Part 6 Information sharing
- Information sharing between HMRC and others
- SCHEDULE 2 Help-to-Save accounts: further provision
- Part 1 Introductory
- Interpretation: meaning of “bonus”
- HMRC responsibility for administration of bonuses
- Interpretation: meaning of “Help-to-Save account”
- Part 2 Eligibility
- “Eligible person”
- Benefit entitlement conditions: working tax credit
- Benefit entitlement conditions: universal credit
- UK connection condition
- Power to make further provision about eligibility
- Part 3 Account providers and features of accounts
- Authorised account providers
- Required features of Help-to-Save accounts
- Opening a Help-to-Save account
- Account provider to be notified about absence from UK
- Further provision about Help-to-Save accounts
- Successor accounts for certain Help-to-Save accounts
- Accounts wrongly treated as Help-to-Save accounts
- Part 4 Government bonuses
- Calculation and payment of government bonuses
- Recovery of wrongly-paid bonus
- Part 5 Information
- Information sharing between HMRC and others
- Claims and returns
- Information notices
- Penalties for inaccuracies in information provided in response to requirements
- Power to inspect documents relating to claims
- Penalties for non-compliance with information requirements
- Interpretation: meaning of “document”