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Pay (Savings)

Volume 387: debated on Tuesday 2 March 1943

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asked the Secretary of State for War why it is forbidden to soldiers, having other sources of income, to put the whole of their Army pay into Army savings through the Post Office?

There is no rule forbidding a soldier to give a standing order to invest the whole of his pay in the Post Office Savings Bank. In view of the possibility of charges against his account—say for the loss of kit—it is, however, desirable that the standing order should be limited to a proportion only of his pay. There is nothing to prevent a soldier from investing all the pay he draws after any deductions have been made either in the Post Office, in National Savings Stamps or National Savings Certificates. Soldiers are encouraged to save as much as possible.