http://www.legislation.gov.uk/uksi/1954/1578/article/1/made

The Savings Bank Annuities (Tables) Order 1954

Westlaw

King's Printer of Acts of Parliament

2011-04-05

GOVERNMENT ANNUITIES

Under the Government Annuities Act, 1929 , Part II, the National Debt Commissioners may grant Immediate Life Annuities which are sold through the Post Office Savings Bank and Trustee Savings Banks and are known as Savings Bank annuities. The Act empowers the Treasury to approve tables for calculating the amounts of these annuities, framed in such a manner that the Exchequer suffers no loss.