Explanatory note

These Regulations, which amend the National Savings Bank Regulations 1972, increase from £3,000 to £5,000 the limit on the amount which may be repaid on death without the necessity for proof from the Commissioners of Inland Revenue that no death duties or capital transfer tax, being capital transfer tax chargeable on the death of a depositor, are payable in respect of the deposits or that any such death duties or capital transfer tax so payable have been paid. The Regulations make certain other minor and unrelated amendments.