Sept. 1895.] 



POST OFFICE SAVINGS BANKS. 



255 



Advantages Offered for Old Age Pensions. 



Provision for old aoe can be made by buying Savings Rmk Deferred 

 Annuities from 1/. to 100/, to begin at any age selected. 



Eeturn of Purchase Money. The Premiums for Deferred 

 Annuities can be returned on application, or on death before the 

 Annuity begins, if the Contract is taken out on these conditions. 



Immediate Pensions. Annuities to begin at once, of any amount 

 from 1/. to 100/. a year, can be bought through the Post Office Savings 

 Bank. The Purchase Money is payable in a lump sum which is not 

 returnable, and the pensions are payable half-yearly. 



Savings Banks Annuities are payable by half-yearly instalments on 

 the 5th January and the 5th July, or the 5th April and 10th October, 

 according to the date of purchase. 



Procedure. A simple form of Proposal, and a form for statement 

 of age, can be obtained at any Post Office Savings Bank. When filled 

 up the forms will be forwarded by the local Postmaster to the Chief 

 Office, London, and a Contract will be issued when the first premium 

 has been paid. Annuity Premiums are payable in the same way as 

 Insurance Premiums, namely, by transfers from Savings Bank accounts*. 



K 2 



