The National Savings Bank (Amendment) Regulations 2011

• Citation: S.I. 2011/783
• Sections: 6

Section 1 Citation and commencement

These Regulations may be cited as the National Savings Bank (Amendment) Regulations 2011.

Section 2 Citation and commencement

(1) Except for regulation 6, these Regulations come into force on 6th April 2011.

(2) Regulation 6 comes into force on 1st November 2011.

Section 3 Amendment of the National Savings Bank (Investment Deposits) (Limits) Order 1977

Article 3B of the National Savings Bank (Investment Deposits) (Limits) Order 1977 is amended by substituting “£5,340” for “£5,100”.

Section 4 Amendment of the National Savings Bank Regulations 1972

The National Savings Bank Regulations 1972 are amended as set out below.

Section 5 Amendment of the National Savings Bank Regulations 1972

In regulation 29L(2)—

(a) after “16 years of age or over and who” omit “is”,

(b) at the beginning of sub-paragraph (a) insert “is”,

(c) for sub-paragraph (b) substitute—

(b) though not resident in the United Kingdom, has general earnings from overseas Crown employment subject to United Kingdom tax within the meaning given by section 28 of the Income Tax (Earnings and Pensions) Act 2003 , or

(d) in sub-paragraph (c)—

(i) before “married to”, and

(ii) before “a civil partner of”,

insert “is”.

Section 6 Amendment of the National Savings Bank Regulations 1972

In regulation 29N(a) omit “or cash”.