Split Net Pay (update)
When the new LOA package was first announced on 1 February 2021, the policy included the cessation of Split Net Pay as a routine mechanism to transfer a portion of service personnel pay and allowances into an overseas bank account. Noting various factors such as the impact of Brexit on bank charges and transfers as well as the current international economic climate, the policy regarding Split Net Pay has been reversed. The new LOA package will have no impact on access to the Split Net Pay facility which will continue to be made available to service personnel in receipt of LOA.
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