National Savings Bank Act 1971

National Savings Bank Act 1971[a]
Act of Parliament
coat of arms
Parliament of the United Kingdom
Long titleAn Act to consolidate certain enactments relating to the National Savings Bank, with amendments to give effect to recommendations of the Law Commission and the Scottish Law Commission.
Citation1971 c. 29
Territorial extent 
[b]
Dates
Royal assent12 May 1971
Commencement12 June 1971[c]
Other legislation
Amends
Repeals/revokesSee § Repealed enactments
Amended by
Status: Partially repealed
Text of statute as originally enacted
Revised text of statute as amended
Text of the National Savings Bank Act 1971 as in force today (including any amendments) within the United Kingdom, from legislation.gov.uk.

The National Savings Bank Act 1971 (c. 29) is an act of the Parliament of the United Kingdom that consolidated enactments related to the National Savings Bank in the United Kingdom, the Isle of Man and the Channel Islands.[1]

Provisions

Repealed enactments

Section 28(1) of the act repealed 14 enactments, listed in schedule 2 to the act.[2]

Citation Short title Extent of repeal
2 & 3 Eliz. 2. c. 62 Post Office Savings Bank Act 1954 The whole act.
9 & 10 Eliz. 2. c. 15 Post Office Act 1961 In the Schedule, the entries relating to sections 15, 18 and 19 of the Post Office Savings Bank Act 1954.
9 & 10 Eliz. 2. c. 62 Trustee Investments Act 1961 In Schedule 4, paragraphs 4 and 5, so far as unrepealed.
1965 c. 32 Administration of Estates (Small Payments) Act 1965 In Schedule 1, in Part II, the entry relating to the Post Office Savings Bank Act 1954.
1966 c. 12 Post Office Savings Bank Act 1966 The whole act.
1969 c. 48 Post Office Act 1969 Section 94(1).
In section 94(2), the word "Accordingly" where it first occurs and the words from "in the Post Office Savings Bank Acts" to the end of paragraph (b).
Section 94(4).
Sections 95 to 105.
In Schedule 6, Parts I and II.
1970 c. 10 Income and Corporation Taxes Act 1970 In section 414(7), the definition of "investment deposit".
In Schedule 15, in paragraph 11, in Part I of the Table, the entry relating to the Post Office Savings Bank Act 1954.
1970 c. 24 Finance Act 1970 Section 34(1)(a).
Section 34(2).

Subsequent developments

Sections 21 to 23 of, and schedule 1 to, the act were repealed by sections 120(7) and 122(4) of, and schedule 20 part XV to, the Finance Act 1980 (c. 48).[3]

Sections 13 and 14 were repealed by sections 4(3), 4(4) and 7(3) of, and schedule 4 to, the Trustee Savings Banks Act 1985 (c. 58), and by article 2 of, and schedule 2 to, the Trustee Savings Banks Act 1985 (Appointed Day) (No. 2) Order 1986 (SI 1986/1220), which came into force on 20 July 1986.[4]

Sections 10 and 11 were repealed by schedule 11 part 5(2) to the Finance (No. 2) Act 2005 (c. 22), with effect from 20 July 2005.[5]

The remainder of the act has been amended on several further occasions, including by the Finance Act 1998, the Finance Act 1999, the Finance Act 2003, the Finance Act 2008 and the Co-operative and Community Benefit Societies Act 2014.

Notes

  1. ↑ Section 29(1).
  2. ↑ Section 29(3).
  3. ↑ Section 29(2).

References

  1. ↑ Campbell-Smith, Duncan (2011). Masters of the Post: the Authorized History of the Royal Mail. London: Allen Lane. pp. 161–197.
  2. ↑ "National Savings Bank Act 1971", legislation.gov.uk, The National Archives, 1971 c. 29
  3. ↑ "Finance Act 1980", legislation.gov.uk, The National Archives, 1980 c. 48
  4. ↑ "Trustee Savings Banks Act 1985", legislation.gov.uk, The National Archives, 1985 c. 58
  5. ↑ "Finance (No. 2) Act 2005", legislation.gov.uk, The National Archives, 2005 c. 22
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