What is the first benefit entitlement condition under section 5 of the Savings (Government Contributions) Act 2017?

The first benefit entitlement condition requires an individual to meet two requirements. They must satisfy specified conditions relating to working tax credit, and they must also meet any additional conditions that apply to them. Both sets of conditions are defined in Treasury regulations rather than in the Act itself.

What role do Treasury regulations play in the first benefit entitlement condition?

The Act grants the Treasury power to specify the precise eligibility conditions through secondary legislation. This means the detailed criteria can be updated or amended by the Treasury through regulations without requiring a new Act of Parliament, allowing flexibility in setting and adjusting the requirements individuals must satisfy.

How does an individual determine whether they meet the first benefit entitlement condition?

An individual must check the current Treasury regulations to confirm they satisfy conditions relating to working tax credit and any additional specified requirements. For example, this may include being in receipt of working tax credit and having a household income below a certain threshold prescribed in those regulations.

Must both parts of the first benefit entitlement condition be satisfied?

Yes, both parts must be met by the individual. They must satisfy the specified conditions relating to working tax credit and also meet any other conditions that may be prescribed. Failure to meet either part means the individual does not satisfy the first benefit entitlement condition under the Act.

Savings (Government Contributions) Act 2017 section 5

First benefit entitlement condition

Section 5 of Schedule 2 defines the first benefit entitlement condition that an individual must satisfy, which relates to working tax credit and any other conditions set out in Treasury regulations.

The first benefit entitlement condition has two parts, both of which must be met by the individual.
The individual must meet specified conditions relating to working tax credit.
The individual must also meet any other conditions that may be specified.
All specified conditions are those laid down in regulations made by the Treasury.

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