Explanatory note

These Regulations amend the Premium Savings Bonds Regulations 1972. They increase the minimum purchase of bonds, except bonds purchased on behalf of minors under 16, from £10 to £100. The minimum purchase of bonds purchased on behalf of minors under 16 remains at £10. The smallest multiple in which bonds may be purchased is increased from £5 to £10 in both cases. The Director of Savings has discretion to accept purchases of less than £100 or purchases in multiples smaller than £10 in certain circumstances.