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The 2001 Labour Party manifesto committed the government to introducing a 'Child Trust Fund' and a 'Saving Gateway' in the current parliament. This Commentary assesses these two policy proposals. It looks for possible rationales behind the government's plans for some form of asset-based welfare. It provides a discussion of many of the issues important to the design of the Child Trust Fund and the Saving Gateway. It also presents new evidence on the characteristics, incomes and savings of lower-income groups who might be eligible for the Saving Gateway.
Authors
Deputy Director
Carl, a Deputy Director, is an editor of the IFS Green Budget, is expert on the UK pension system and sits on the Social Security Advisory Committee.
Research Associate University of Bologna
Matthew is Associate Professor at the University of Bologna focusing on consumption and savings choices and how policy affects them.
Report details
- DOI
- 10.1920/co.ifs.2001.0085
- ISBN
- 978-1-903274-21-7
- Publisher
- IFS
Suggested citation
Emmerson, C and Wakefield, M. (2001). The Saving Gateway and the Child Trust Fund: Is asset-based welfare 'well fair'?. London: IFS. Available at: https://ifs.org.uk/publications/saving-gateway-and-child-trust-fund-asset-based-welfare-well-fair (accessed: 20 April 2024).
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