<Legislation xmlns="http://www.legislation.gov.uk/namespaces/legislation" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" DocumentURI="http://www.legislation.gov.uk/ukpga/1971/29" IdURI="http://www.legislation.gov.uk/id/ukpga/1971/29" NumberOfProvisions="27" xsi:schemaLocation="http://www.legislation.gov.uk/namespaces/legislation http://www.legislation.gov.uk/schema/legislation.xsd" SchemaVersion="1.0" RestrictExtent="E+W+S+N.I." RestrictStartDate="2015-04-06"><ukm:Metadata xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:dct="http://purl.org/dc/terms/" xmlns:atom="http://www.w3.org/2005/Atom" xmlns:ukm="http://www.legislation.gov.uk/namespaces/metadata">
					<dc:identifier>http://www.legislation.gov.uk/ukpga/1971/29/section/27</dc:identifier><dc:title>National Savings Bank Act 1971</dc:title><dc:description>An 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.</dc:description><dc:date>1980-07-01</dc:date><dc:type>text</dc:type><dc:format>text/xml</dc:format><dc:language>en</dc:language><dc:publisher>Statute Law Database</dc:publisher><dc:modified>2015-08-16</dc:modified><dc:contributor>Expert Participation</dc:contributor><dct:valid>2015-04-06</dct:valid>
					
					<atom:link rel="self" href="http://www.legislation.gov.uk/ukpga/1971/29/section/27/data.xml" type="application/xml"/><atom:link rel="http://www.legislation.gov.uk/def/navigation/resources" href="http://www.legislation.gov.uk/ukpga/1971/29/resources" title="More Resources"/>
					
					
					
					<atom:link rel="http://www.legislation.gov.uk/def/navigation/act" href="http://www.legislation.gov.uk/ukpga/1971/29" title="whole act"/><atom:link rel="http://www.legislation.gov.uk/def/navigation/introduction" href="http://www.legislation.gov.uk/ukpga/1971/29/introduction" title="introduction"/>
					<atom:link rel="http://www.legislation.gov.uk/def/navigation/body" href="http://www.legislation.gov.uk/ukpga/1971/29/body" title="body"/>
					<atom:link rel="http://www.legislation.gov.uk/def/navigation/schedules" href="http://www.legislation.gov.uk/ukpga/1971/29/schedules" title="schedules"/>
					
										
					
					
					
					<atom:link rel="alternate" type="application/rdf+xml" href="http://www.legislation.gov.uk/ukpga/1971/29/section/27/data.rdf" title="RDF/XML"/><atom:link rel="alternate" type="application/akn+xml" href="http://www.legislation.gov.uk/ukpga/1971/29/section/27/data.akn" title="AKN"/><atom:link rel="alternate" type="application/xhtml+xml" href="http://www.legislation.gov.uk/ukpga/1971/29/section/27/data.xht" title="HTML snippet"/><atom:link rel="alternate" type="text/html" href="http://www.legislation.gov.uk/ukpga/1971/29/section/27/data.htm" title="Website (XHTML) Default View"/><atom:link rel="alternate" type="text/csv" href="http://www.legislation.gov.uk/ukpga/1971/29/section/27/data.csv" title="CSV"/><atom:link rel="alternate" type="application/pdf" href="http://www.legislation.gov.uk/ukpga/1971/29/section/27/data.pdf" title="PDF"/>
					<atom:link rel="alternate" type="application/akn+xhtml" href="http://www.legislation.gov.uk/ukpga/1971/29/section/27/data.html" title="HTML5 snippet"/>

					
					<atom:link rel="http://purl.org/dc/terms/tableOfContents" hreflang="en" href="http://www.legislation.gov.uk/ukpga/1971/29/contents" title="Table of Contents"/>
					
					<atom:link rel="http://purl.org/dc/terms/replaces" href="http://www.legislation.gov.uk/ukpga/1971/29/section/27/1993-01-01" title="1993-01-01"/><atom:link rel="http://purl.org/dc/terms/hasVersion" href="http://www.legislation.gov.uk/ukpga/1971/29/section/27/enacted" title="enacted"/><atom:link rel="http://purl.org/dc/terms/hasVersion" href="http://www.legislation.gov.uk/ukpga/1971/29/section/27/1991-02-01" title="1991-02-01"/><atom:link rel="http://purl.org/dc/terms/hasVersion" href="http://www.legislation.gov.uk/ukpga/1971/29/section/27/1993-01-01" title="1993-01-01"/><atom:link rel="http://purl.org/dc/terms/hasVersion" href="http://www.legislation.gov.uk/ukpga/1971/29/section/27/2005-07-20" title="2005-07-20"/>
					
					<atom:link rel="up" href="http://www.legislation.gov.uk/ukpga/1971/29" title="Entire legislation"/><atom:link rel="prev" href="http://www.legislation.gov.uk/ukpga/1971/29/section/26" title="Provision; Section 26"/><atom:link rel="prevInForce" href="http://www.legislation.gov.uk/ukpga/1971/29/section/26" title="Provision; Section 26"/><atom:link rel="next" href="http://www.legislation.gov.uk/ukpga/1971/29/section/28" title="Provision; Section 28"/><atom:link rel="nextInForce" href="http://www.legislation.gov.uk/ukpga/1971/29/section/28" title="Provision; Section 28"/>
					<ukm:PrimaryMetadata><ukm:DocumentClassification><ukm:DocumentCategory Value="primary"/><ukm:DocumentMainType Value="UnitedKingdomPublicGeneralAct"/><ukm:DocumentStatus Value="revised"/></ukm:DocumentClassification><ukm:Year Value="1971"/><ukm:Number Value="29"/><ukm:EnactmentDate Date="1971-05-12"/></ukm:PrimaryMetadata>
					

                    
									 
					<ukm:Alternatives><ukm:Alternative Date="2025-03-20" Size="1414149" URI="http://www.legislation.gov.uk/ukpga/1971/29/pdfs/ukpga_19710029_en.pdf" Print="true"/></ukm:Alternatives>
					
					<ukm:Statistics>
									<ukm:TotalParagraphs Value="28"/>
									<ukm:BodyParagraphs Value="27"/>
									<ukm:ScheduleParagraphs Value="1"/>
									<ukm:AttachmentParagraphs Value="0"/>
									<ukm:TotalImages Value="1"/>
								</ukm:Statistics>
				</ukm:Metadata><Primary><Body DocumentURI="http://www.legislation.gov.uk/ukpga/1971/29/body" IdURI="http://www.legislation.gov.uk/id/ukpga/1971/29/body" NumberOfProvisions="27" RestrictStartDate="2015-04-06"><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1971/29/crossheading/miscellaneous-and-general" IdURI="http://www.legislation.gov.uk/id/ukpga/1971/29/crossheading/miscellaneous-and-general" NumberOfProvisions="6" id="crossheading-miscellaneous-and-general" RestrictStartDate="2005-07-20"><Title> Miscellaneous and general</Title><P1group RestrictExtent="E+W+S+N.I." RestrictStartDate="2005-07-20" ConfersPower="true"><Title> Interpretation.</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1971/29/section/27" IdURI="http://www.legislation.gov.uk/id/ukpga/1971/29/section/27" id="section-27"><Pnumber>27</Pnumber><P1para><Text>In this Act, unless the context otherwise requires,—</Text><UnorderedList Decoration="none" Class="Definition"><ListItem><Para><Text>“<Term id="term-the-commissioners">the Commissioners</Term>” means the National Debt Commissioners;</Text></Para></ListItem><ListItem><Para><Text>
<Addition ChangeId="d30p1169" CommentaryRef="c816775">
“
</Addition><Term id="term-interest"><Addition ChangeId="d30p1169" CommentaryRef="c816775">interest</Addition></Term><Addition ChangeId="d30p1169" CommentaryRef="c816775">
”, in relation to investment deposits, includes any bonus or other payment, whether payable annually or otherwise, which constitutes income derived from the whole or any part of the deposits.
</Addition>
</Text></Para></ListItem><ListItem><Para><Text>“<Term id="term-prescribed">prescribed</Term>” means prescribed by regulations made under section 2 of this Act;</Text></Para></ListItem><ListItem><Para><Text>
<CommentaryRef Ref="key-d40bf42fef2a8e251914edd5737a9164"/>...
</Text></Para></ListItem><ListItem><Para><Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . <CommentaryRef Ref="c816777"/></Text></Para></ListItem></UnorderedList></P1para></P1></P1group></Pblock></Body></Primary><Commentaries><Commentary id="c816775" Type="F"><Para><Text>Definition inserted by <Citation URI="http://www.legislation.gov.uk/id/ukpga/1982/39" id="c00171" Year="1982" Class="UnitedKingdomPublicGeneralAct" Number="39" Title="Finance Act 1982">Finance Act 1982 (c. 39, SIF 63:1)</Citation>, <CitationSubRef id="c00172" CitationRef="c00171" URI="http://www.legislation.gov.uk/id/ukpga/1982/39/section/151" SectionRef="section-151">s. 151</CitationSubRef>, <CitationSubRef id="c00173" CitationRef="c00171" URI="http://www.legislation.gov.uk/id/ukpga/1982/39/schedule/20/paragraph/8" Operative="true" SectionRef="schedule-20-paragraph-8">Sch. 20 para. 8</CitationSubRef></Text></Para></Commentary><Commentary id="c816777" Type="F"><Para><Text>Definition of “trustee savings bank” repealed by <Citation URI="http://www.legislation.gov.uk/id/ukpga/1985/58" id="c00179" Year="1985" Class="UnitedKingdomPublicGeneralAct" Number="58" Title="Trustee Savings Banks Act 1985">Trustee Savings Banks Act 1985 (c. 58, SIF 110)</Citation>, <CitationSubRef id="c00180" CitationRef="c00179" URI="http://www.legislation.gov.uk/id/ukpga/1985/58/section/4/3/4" SectionRef="section-4-3-4">ss. 4(3)(4)</CitationSubRef>, <CitationSubRef id="c00181" CitationRef="c00179" URI="http://www.legislation.gov.uk/id/ukpga/1985/58/section/7/3" SectionRef="section-7-3">7(3)</CitationSubRef>, <CitationSubRef id="c00182" CitationRef="c00179" URI="http://www.legislation.gov.uk/id/ukpga/1985/58/schedule/4" Operative="true" SectionRef="schedule-4">Sch. 4</CitationSubRef>, and <Citation URI="http://www.legislation.gov.uk/id/uksi/1986/1220" id="c00183" Class="UnitedKingdomStatutoryInstrument" Year="1986" Number="1220">S.I. 1986/1220</Citation>, <CitationSubRef id="c00184" CitationRef="c00183" URI="http://www.legislation.gov.uk/id/uksi/1986/1220/article/2" Operative="true" SectionRef="article-2">art. 2</CitationSubRef>(<Emphasis>b</Emphasis>), Sch. 2</Text></Para></Commentary><Commentary id="key-d40bf42fef2a8e251914edd5737a9164" Type="F"><Para><Text>Words in s. 27 repealed (20.7.2005 with effect in accordance with Sch. 11 Pt. 5(2) Note) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2005/22" id="cv16sipv1-00007" Class="UnitedKingdomPublicGeneralAct" Year="2005" Number="22" Title="Finance (No. 2) Act 2005">Finance (No. 2) Act 2005 (c. 22)</Citation>, <CitationSubRef id="cv16sipv1-00008" CitationRef="cv16sipv1-00007" URI="http://www.legislation.gov.uk/id/ukpga/2005/22/schedule/11/part/5/2" SectionRef="schedule-11-part-5-2" Operative="true">Sch. 11 Pt. 5(2)</CitationSubRef></Text></Para></Commentary></Commentaries></Legislation>