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United Kingdom Statutory Instruments |
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You are here: BAILII >> Databases >> United Kingdom Statutory Instruments >> The National Savings Bank (Investment Deposits) (Limits) (Amendment) Order 2012 No. 795 URL: http://www.bailii.org/uk/legis/num_reg/2012/uksi_2012795_en_1.html |
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Statutory Instruments
Savings Banks
Made
12th March 2012
Laid before Parliament
13th March 2012
Coming into force
6th April 2012
The Treasury make the following Order in exercise of the powers conferred by section 4(1) and (2)(a) and (f) of the National Savings Bank Act 1971(1):
1. This Order may be cited as the National Savings Bank (Investment Deposits) (Limits) (Amendment) Order 2012 and comes into force on 6th April 2012.
2. In article 3B of the National Savings Bank (Investment Deposits) (Limits) Order 1977(2), for "£5,340" substitute "£5,640".
Angela Watkinson
Michael Fabricant
Two of the Lords Commissioners of Her Majesty's Treasury
12th March 2012
(This note is not part of the Order)
This Order amends the National Savings Bank (Investment Deposits) (Limits) Order 1977 (S.I. 1977/1210) by increasing, from £5,340 to £5,640, the annual amount which can be accepted by the Director of Savings from any person by way of deposit in an individual savings account at the National Savings Bank.
A full impact assessment has not been produced for this instrument as no impact on the costs of business and the voluntary sector is foreseen.
The Explanatory Memorandum is available alongside this instrument on www.legislation.gov.uk.
1971 c. 29; section 4(2)(a) was amended by the Finance Act 1982 (c. 39), Schedule 20, paragraph 3(2).
S.I. 1977/1210; relevant amending instruments are S.I. 1999/1056, S.I. 2008/734 and S.I. 2011/783.
