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Statutory Instruments

2009 No. 2460

Savings Banks

The National Savings Bank (Investment Deposits) (Limits) (Amendment) Order 2009

Made

8th September 2009

Laid before Parliament

9th September 2009

Coming into force in accordance with articles 2 and 3

The Treasury make the following Order in exercise of the powers conferred by section 4(1) and (2)(b) and (f) of the National Savings Bank Act 1971(1):

Citation and commencementI1,I2,I3

1. This Order may be cited as the National Savings Bank (Investment Deposits) (Limits) (Amendment) Order 2009.

2. Except for article 4, this Order comes into force on 6th October 2009.

3. Article 4 comes into force on 6th April 2010.

Prospective

Amendments to the National Savings Bank (Investment Deposits) (Limits) Order 1977I4

4. Article 3B of the National Savings Bank (Investment Deposits) (Limits) Order 1977(2) (“the 1977 Order”) is amended by substituting “£5,100” for “£3,600”.

Variation of the 1977 Order for persons over 50 years of ageI5

5. Until article 4 comes into force, article 3B of the 1977 Order has effect as if the following were substituted for the words from “£3,600 in any year” to the end—

“(a)where the person making the deposit is 50 years of age or over, or is due to be aged 50 not later than 5th April 2010, £5,100; or

(b)in any other case, £3,600,

in the year beginning on 6th April 2009.”.

Dave Watts

Bob Blizzard

Two of the Lords Commissioners of

Her Majesty’s Treasury

8th September 2009

(2)

S.I. 1977/1210; relevant amending instruments are S.I. 1999/1056 and S.I. 2008/734.

Status: There are outstanding changes not yet made by the editorial team to The National Savings Bank (Investment Deposits) (Limits) (Amendment) Order 2009. Any changes that have already been made by the team appear in the content and are referenced with annotations.
The National Savings Bank (Investment Deposits) (Limits) (Amendment) Order 2009 (2009/2460)
Version from: [subject to the status notice] 6 October 2009

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