The National Savings Bank (Amendment) Regulations 2008

• Citation: S.I. 2008/734
• Sections: 4

Section 1 Citation and commencement

These Regulations may be cited as the National Savings Bank (Amendment) Regulations 2008.

Section 2 Citation and commencement

These Regulations shall come into force on 6th April 2008.

Section 3 Amendment of the National Savings Bank Regulations 1972

(1) The National Savings Bank Regulations 1972 are amended as follows.

(2) In regulation 2(1) (Interpretation)—

(a) omit the definition of “mini-account”; and

(b) omit the definition of “ TESSA only account”.

(3) After regulation 2A(e) (Disapplication of particular regulations to certain accounts) insert—

(ee) regulation 29L(4);

(4) In regulation 29L(5) (Deposits to individual savings accounts) omit from “unless he is opening” to the end.

Section 4 Amendment of the National Savings Bank (Investment Deposits) (Limits) Order 1977

(1) The National Savings Bank (Investment Deposits) (Limits) Order 1977 is amended as follows.

(2) In article 2C —

(a) omit “the expression “follow-up account” has the same meaning as in section 326BB of the Income Taxes Act 1988,”; and

(b) omit from “and the expressions” to the end.

(3) In article 3B for the words from “: (a) in any year” to the end substitute “, £3,600 in any year beginning on 6th April”.

(4) Omit article 3C .