Ditch cash, a mil­lion pen­sion­ers told

The Sunday Telegraph - Money & Business - - News And Comment - Money, Tele­graph Sam Brod­beck

Nearly a mil­lion peo­ple who use Post Of­fice cards to with­draw their state pen­sions in cash are be­ing pres­sured to switch to bank ac­counts in­stead.

Last month, the Govern­ment be­gan the lat­est round of a cam­paign to move pen­sion­ers on to bank ac­counts. The let­ters, seen by

say it is “more cost ef­fec­tive” to pay state pen­sions this way, com­pared with Post Of­fice ac­count cards.

A spokesman for the Depart­ment for Work and Pen­sions con­firmed that pen­sion­ers would not have to change how they re­ceive their money – de­spite the tone of the let­ter sug­gest­ing a move was manda­tory.

Nowhere in the let­ters, sent to around 900,000 peo­ple, does it say pen­sion­ers can keep us­ing their Post Of­fice cards to re­ceive their money. The Govern­ment has com­mit­ted to keep­ing the cards un­til 2021.

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