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National Savings

Volume 407: debated on Wednesday 25 June 2003

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To ask the Secretary of State for Work and Pensions whether pensions and benefits can be paid directly into National Savings accounts. [121273]

[holding answer 23 June 2003]: There are three types of National Savings accounts: Investment, Ordinary and Individual Savings Account. Of these, only the Investment Account can accept direct payment of pensions and benefits.