PARLIAMENTARY WRITTEN QUESTION
Armed Forces: Loans and Personal Savings (12 November 2018)
Question Asked
Asked by:
Jamie Stone (Liberal Democrat)
Answer
The table below shows the number of Service personnel and veterans who have deductions from payroll or pensions for savings and loans through the Armed Forces Credit Union since November 2015, when it became possible to do so. The facility for veterans to have deductions taken from pension payments has only been available since 2016.
| 2015 | 2016 | 2017 | 2018 |
Service personnel | 240 | 1,220 | 3,120 | 4,590 |
Veterans | N/A | 4 | 9 | 9 |
Yearly Total | 240 | 1,224 | 3,129 | 4,599 |
Please note the 2018 data is provided up to 31 October 2018, and individuals may have deductions taken in more than one year.
Answered by:
Mr Tobias Ellwood (Conservative)
20 November 2018
Contains Parliamentary information licensed under the Open Parliament Licence v3.0.