Proceeding contribution from Mark Hoban (Conservative) in the House of Commons on Tuesday, 26 October 2010. It occurred during Debate on bill on Savings Accounts and Health in Pregnancy Grant Bill.
Savings Accounts and Health in Pregnancy Grant Bill
If the hon. Gentleman allows me to finish, I may well answer his question. We are working on the details of the accounts with the industry and other stakeholders, and we will set out more detail in the months ahead. We are clear that, as with child trust funds, those accounts will belong to the child; that they will be locked in until the child reaches adulthood; that they will allow investment in both cash or stocks and shares; that they will be able to receive contributions from family, friends and others up to an annual limit; and that all returns will be free of income tax and capital gains tax.
Secondary information
- Type
- Proceeding contribution
- Reference
- 517 c212
- Session
- 2010-12
- Chamber / Committee
- House of Commons chamber
- Subjects
- Children Children in care Child trust fund Grants Personal savings Low incomes Poverty Pregnancy Saving gateway
- Legislation
- Savings Accounts and Health in Pregnancy Grant Bill 2010-12
- Link
- View this Proceeding contribution on www.publications.parliament.uk
Librarians' tools
- Timestamp
- 2023-12-15 13:33:16 +0000
- URI
- http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_673089
- In Indexing
- http://indexing.parliament.uk/Content/Edit/1?uri=http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_673089
- In Solr
- https://search.parliament.uk/claw/solr/?id=http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_673089